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Identify the incorrect statements with regard to the Canada Pension Plan (CPP). I. A drop-out provision covers 20% of the lowest earning months when calculating
Identify the incorrect statements with regard to the Canada Pension Plan (CPP).
I. A drop-out provision covers 20% of the lowest earning months when calculating average pensionable earnings.
II. The contributory period starts at age 18 and ends at age 65.
III. The years basic exemption (YBE) is $3,500 and has remained at this level for several years.
Select one:
a. II and III, only
b. I and II, only
c. I and III, only
d. I, II and III
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