Which of the Following Is True for a Registered Disability

question 14

Multiple Choice

Which of the following is true for a Registered Disability Savings Plan (RDSP) ?

• A)Contributions made to the plan are tax deductible.
• B)The annual maximum contribution is $17 750.
• C)Contributions can be made until the end of the year in which the beneficiary turns 59.
• D)All withdrawals made from the RDSP are tax free as long as the beneficiary receives the income.

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Definitions:

Direct Materials

Materials directly linked to the production of a certain product and incorporated into its cost.

Predetermined Overhead

An estimated rate used to allocate overhead costs to products or services based on expected activities and costs.

Direct Materials

Materials that can be directly linked to the production process and form a fundamental component of the final product.

Direct Labor-Hours

The cumulative hours that employees actively participating in manufacturing processes have worked.