Registered pension plan, Managerial Accounting

Assignment Help:

How much would each be required to contribute to the QPP in 2011 based on their $70,000 salaries?   Please show your calculations.

How much pension income would each have received under the following plans if they had retired on January 1st, 2011?   Assume this would have been their joint 60th birthday.

  • Registered Pension Plan
  • Quebec Pension Plan
  • Old Age Security
  • RRSP withdrawals
  • Guaranteed Income Supplement

How much would each be required to contribute to the QPP in 2015 based on the proposals contained in the March 17th, 2011 Quebec budget? 

Assume the base exemption remains the same and that the maximum pensionable earnings rise at a rate of 2% per annum.

d)  How much pension income would each receive under the following plans if they were to retire on January 1st, 2016 based on the proposals contained in the March 17th, 2011 Quebec budget?  Assume that their salaries and payments under all public plans will rise by a rate of 2% per annum, while the balance of their RRSP would rise by 6% per annum.

  • Registered Pension Plan
  • Quebec Pension Plan
  • Old Age Security
  • RRSP withdrawals 
  • Guaranteed Income Supplement

 


Related Discussions:- Registered pension plan

Job order costing, Prepare Summary Journal Entries to record the( 1) requi...

Prepare Summary Journal Entries to record the( 1) requistion slips

What is product life cycle, Product life cycle Every product has a life...

Product life cycle Every product has a life cycle. The life cycle of a product vary from months to various years. For example in the case of cameras photocopying machines etc.

What are non-financial factors, QUESTION:  PART A One of the divis...

QUESTION:  PART A One of the divisions within Acme Manufacturing company is presently negotiating with another supplier regarding outsourcing component A that it manufac

Model construction, Model Construction The success of a simulation exer...

Model Construction The success of a simulation exercise is related to the predictive quality of the underlying model, so that considerable care should be taken with model const

Describe the benefits of operating decisions - relevant cost, Relevant cost...

Relevant costs and benefits for operating decisions: In operating decisions, concentration is on best use of existing capacity. Incremental analysis based on differential cost

Make and buy, The Rohr Company’s old equipment for making subassemblies is ...

The Rohr Company’s old equipment for making subassemblies is worn out. The company is considering two courses of action: (a) Completely replacing the old equipment with new equipme

Explain the concepts of costs, Explain the concepts of costs. A cost ac...

Explain the concepts of costs. A cost accountant is mainly concerned with the following cost concepts. 1. Concept of objectives: it is this concept that gives direction to

Doug, based on your assumptions, calculate the cost per unit (total product...

based on your assumptions, calculate the cost per unit (total product cost on a per unit basis) under a traditional accounting system based on direct labor hours (table 1 prepared

Controlling, Controlling Things hardly go exactly as planned, and manag...

Controlling Things hardly go exactly as planned, and management should make a concerted effort to the monitor and adjust for their deviations. The managerial accountant is the

Describe committed fixed costs, Describe Committed fixed costs Committ...

Describe Committed fixed costs Committed fixed costs are those fixed costs that arise from the possession of 1. Plant, building and equipment (for example, depreciation, re

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd