Robert Is 66 and So Qualifies for the Age Amount

question 24

Multiple Choice

Robert is 66 and so qualifies for the age amount.His taxable income for 2014 was $65 000.The threshold income for the age amount is $34 873 and the maximum age amount is $6915.What age amount will he qualify for?

• A)$3710
• B)$2397
• C)$6916
• D)zero

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Definitions:

Economic Immigration

The movement of individuals from one country to another with the intention of seeking employment or better economic prospects.

Standard of Living

The amount of affluence, ease, material items, and basic requirements present for a particular socioeconomic category or geographical zone.

Lower Prices

A reduction in the cost of goods and services which can stimulate demand and increase the quantity sold.

Prospective Country

A term potentially referring to a country viewed with regard to its future potential for development, investment, or growth.