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Calculate Ms Nexus earned income for RRSP purposes

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Question - Ms. Sonia Nexus is a computer specialist with net employment income of $96,000 in 2019. She had a pension adjustment of $5,000. During the year ending December 31, 2019 she has:

-interest income of $10,250,

-rental losses of $6,750, and

-a loss from her unincorporated business of $8,000

In addition, she makes spousal support payments of $14,000. She had unused RRSP contribution room from prior years of $4,500.

Required - Calculate Ms. Nexus's earned income for RRSP purposes and her maximum contribution possible. Show all calculations.

Reference no: EM132794973

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