What approximate amount will be attributable to gary


Question: Nancy will convert her spousal RRSP to a spousal RRIF at the latest possible date. In the year that she is required to make her first mandatory withdrawal, assume the minimum amount that must be withdrawn from the spousal RRIF is $22,020. If in that year, Nancy withdraws $30,000 from her plan, what approximate amount will be attributable to Gary? a) $0 - attribution will not apply once an RRSP has been converted to a RRIF b) $ 7,980 c) $22,020 d) $30,000

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Accounting Basics: What approximate amount will be attributable to gary
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