If,at Regular Retirement Age,you Would Have Qualified for $1000 CPP

question 83

Multiple Choice

If,at regular retirement age,you would have qualified for $1000 CPP income and $500 OAS income,what monthly income would you receive if you deferred them both by five years?

• A)$1950
• B)$2100
• C)$2130
• D)$2040

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Definitions:

Accounts Payable

Liabilities or amounts owed to creditors for goods and services received but not yet paid for.

Merchandise Inventory

The goods a company holds for the purpose of sale to customers.

Merchandise Inventory

Goods or products on hand that are available for sale by a retailer or wholesaler.

Discount

A reduction in the price of goods or services, often to encourage prompt payment or increase sales.