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What is the maximum amount that simone can contribute

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Problem 1: At the end of last year, Simone had over-contributed $6,000 to her RRSP. Simone's new RRSP contribution room for this year is $5,000. What is the MAXIMUM amount that Simone can contribute to an RRSP this year without incurring an over-contribution penalty?

a) $0
b) $1,000
c) $3,000
d) $7,000

Reference no: EM132792242

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