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Question: You and your best friend, Angelo started working at Microsoft at the same time last year on January 1, 2022. You know that he is much stronger than you at negotiating and you believe he makes more money than you. This is the first job for both of you and neither of you joined the company pension plan. You have asked him for his salary but he refuses to tell you. He has however told you that he made the maximum Registered Retirement Savings Plan (RRSP) contribution on January 1, 2023, in the amount of $16,200. Both of you have not yet received a raise since starting at Microsoft. What is Angelo's salary?
Financial Statement Analysis and Preparation
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