Old Age Security (OAS) differs from the CPP in many ways. Which of the following statements does NOT represent an accurate contrast? a OAS payments are reduced according to how high your other sources of retirement income are, whereas CPP is not affected by other income sources b OAS does not provide any financial allowance for a widowed partner of someone who received OAS, whereas CPP does c OAS is paid for with tax dollars, rather than like CPP through employer/employee contributions d OAS is not related to the amount of money you made while you were working, whereas CPP is
Old Age Security (OAS) differs from the CPP in many ways. Which of the following statements does NOT represent an accurate contrast? a OAS payments are reduced according to how high your other sources of retirement income are, whereas CPP is not affected by other income sources b OAS does not provide any financial allowance for a widowed partner of someone who received OAS, whereas CPP does c OAS is paid for with tax dollars, rather than like CPP through employer/employee contributions d OAS is not related to the amount of money you made while you were working, whereas CPP is
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
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Question
Old Age Security (OAS) differs from the CPP in many ways. Which of the following statements does NOT represent an accurate contrast?
| a |
OAS payments are reduced according to how high your other sources of retirement income are, whereas CPP is not affected by other income sources |
|
| b |
OAS does not provide any financial allowance for a widowed partner of someone who received OAS, whereas CPP does |
|
| c |
OAS is paid for with tax dollars, rather than like CPP through employer/employee contributions |
|
| d |
OAS is not related to the amount of money you made while you were working, whereas CPP is |
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