Question 13 The maximum amount an individual can contribute to her Registered Retirement Savings Plan (RRSP) for a year is set by the Canada Revenue Agency. For the year 2011, the maximum contribution was the lesser of $22,450 or 18% of the individual's "earned income" in 2010. What was the lowest amount of earned income for 2010 at which an individual could make a $22,450 contribution in 2011? (Do not round your answer. Input the whole number part only, for example: 2566.65 = 2566. Do not include a $ sign, commas, or spaces in the answer) %3D
Question 13 The maximum amount an individual can contribute to her Registered Retirement Savings Plan (RRSP) for a year is set by the Canada Revenue Agency. For the year 2011, the maximum contribution was the lesser of $22,450 or 18% of the individual's "earned income" in 2010. What was the lowest amount of earned income for 2010 at which an individual could make a $22,450 contribution in 2011? (Do not round your answer. Input the whole number part only, for example: 2566.65 = 2566. Do not include a $ sign, commas, or spaces in the answer) %3D
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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