Lou-anne is a member of her employer's registered pension plan. Her employer contributed $5,000 to the plan; Lou-anne contributed $2,500. What statement is true? O a) Lou-anne can deduct her contribution from her taxable income; she must include her employer's contribution in her income. O b) Lou-anne can deduct her contribution from her taxable income; her employer's contribution is not considered a taxable benefit. Oc) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution is not considered a taxable benefit. Od) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution is considered a taxable benefit.
Lou-anne is a member of her employer's registered pension plan. Her employer contributed $5,000 to the plan; Lou-anne contributed $2,500. What statement is true? O a) Lou-anne can deduct her contribution from her taxable income; she must include her employer's contribution in her income. O b) Lou-anne can deduct her contribution from her taxable income; her employer's contribution is not considered a taxable benefit. Oc) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution is not considered a taxable benefit. Od) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution is considered a taxable benefit.
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![Lou-anne is a member of her employer's registered pension plan. Her employer contributed $5,000
to the plan; Lou-anne contributed $2,500. What statement is true?
O a) Lou-anne can deduct her contribution from her taxable income; she must include her
employer's contribution in her income.
O b) Lou-anne can deduct her contribution from her taxable income; her employer's contribution is
not considered a taxable benefit.
Oc) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution
is not considered a taxable benefit.
Od) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution
is considered a taxable benefit.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcb220c35-efcc-4955-803d-82b35e99016b%2F7b72a396-e70b-4ee0-9237-6829558a6d6c%2Fwmuf08o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Lou-anne is a member of her employer's registered pension plan. Her employer contributed $5,000
to the plan; Lou-anne contributed $2,500. What statement is true?
O a) Lou-anne can deduct her contribution from her taxable income; she must include her
employer's contribution in her income.
O b) Lou-anne can deduct her contribution from her taxable income; her employer's contribution is
not considered a taxable benefit.
Oc) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution
is not considered a taxable benefit.
Od) Lou-anne cannot deduct her contribution from her taxable income; her employer's contribution
is considered a taxable benefit.
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