Robert Is 66 and So Qualifies for the Age Amount

question 18

Multiple Choice

Robert is 66 and so qualifies for the age amount. His taxable income for 2010 was $65 000. The threshold income for the age amount is $32 506 and the maximum age amount is $6446. He loses fifteen percent of the age amount for every dollar income over the threshold. What age amount will he qualify for?

• A)$2446
• B)$1572
• C)$3224
• D)zero

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Definitions:

Synthesize

To chemically produce a compound, typically by combining or compiling different elements or substances through various reactions.

Probability

The chance of an event taking place, shown as a numeric figure lying between 0 and 1.

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one, used as a basis in inferential statistics.

Probability

A measure of the likelihood that a specific event will occur, often expressed as a number between 0 and 1.