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The following information is available for Monique:Number of children1Lifetime RESP contributions to date$45,000CESG received to...

The following information is available for Monique:

Number of children

1

Lifetime RESP contributions to date

$45,000

CESG received to date

$7,200

Family income

$120,000

Desired current year contribution

$7,000

What is the maximum RESP contribution that Monique can make this year?

A.

$7,000

B.

$5,000

C.

$5,500

D.

$0

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