Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Identify the incorrect statements with regard to the Canada Pension Plan (CPP).
I. A drop-out provision covers 20% of the lowest earning months when calculating average pensionable earnings.
II. The contributory period starts at age 18 and ends at age 65.
III. The year’s basic exemption (YBE) is $3,500 and has remained at this level for several years.
Select one:
a. II and III, only
b. I and II, only
c. I and III, only
d. I, II and III
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