How Much You Can Contribute to Your RRSP Depends on Your

question 40

Multiple Choice

How much you can contribute to your RRSP depends on your

• A)earned income from the current year.
• B)tax bracket and previous contributions.
• C)accumulated room and the performance of your RRSP holdings.
• D)earned income and pension adjustments from previous years.

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Definitions:

ATP

Adenosine triphosphate, commonly referred to as ATP, is vital for transferring energy in cells to power metabolic functions.

Myoglobin

A red protein containing heme that carries and stores oxygen in muscle cells, very similar in structure to hemoglobin.

Muscle Tissue

A type of body tissue that contracts to produce movement, found throughout the body and classified into skeletal, cardiac, and smooth types.

Glycogen

A large, branched polymer of glucose that serves as a form of energy storage in animals and fungi.