The Deeming of Income When Assessing Eligibility for the Age

question 9

Multiple Choice

The deeming of income when assessing eligibility for the age pension under the income test is:

• A) applied to all assets of the person.
• B) applied to financial assets of the person subject to some exclusions.
• C) only applied to some financial assets above a threshold asset level.
• D) applied to financial assets of the person subject to some exclusions and uses the higher of the deemed income or actual income returned by these financial assets.

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Definitions:

Fundamental Attribution Error

A cognitive bias in which people tend to overemphasize personal characteristics and ignore situational factors when explaining others' behavior.

Lateness

The act of not being on time, which can disrupt schedules, demonstrate a lack of professionalism, and affect productivity and relationships.

Absenteeism

The habit of staying away from work or school without good reason, which can impact productivity and morale.

Attribution Error

The tendency to incorrectly attribute the cause of a person's behavior to their personality rather than to external factors.