Final answer:
The yearly basic exemption for contributions to the Quebec Pension Plan (QPP) is $3,500. This exemption helps to reduce the contribution burden on low-income earners.
Step-by-step explanation:
The correct answer to the question about the Quebec Pension Plan (QPP) yearly basic exemption for contributions is A. $3,500. This means that individuals who are earning income in Quebec do not have to pay QPP contributions on the first $3,500 they earn in a year. The basic exemption represents the amount of income that is exempt from QPP contributions, ensuring that low-income earners are not overly burdened by this deduction.