Under Which Exemption, If Any, May an Individual After Age

question 14

Multiple Choice

Under which exemption, if any, may an individual after age 65 be subject to termination under the Age Discrimination in Employment Act if the individual has been employed as a bona fide executive for at least two years immediately before retirement, and on retirement he or she is entitled to non-forfeitable annual retirement benefits of at least $44,000?

• A) The retirement exemption
• B) The executive exemption
• C) The forfeiture exemption
• D) The guaranteed income stream exemption
• E) There is no such exemption

---

Definitions:

Equilibrium Price

Prevailing market price at which you can buy an item.

Substitute Goods

Products or services that can replace or be used in place of another to satisfy the consumer's needs.

Supply Curve

Graph that shows the relationship between different prices and the quantities that sellers will offer for sale, regardless of demand.

Technologies

The application of scientific knowledge for practical purposes, especially in industry and improvements in tools, machinery, and devices.