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Questions Flagged for Review: 5 Question Number: 25 of 87 Note:If you skip any of the questions when you click on the 'View Summary and Submit' button you will be hown a summary page which allows you to go back to and complete question prior to submitting your ssessment. If you're unsure of your response for a question you may select the checkbox under the number and this question will also be listed on the summary page so you can easily go back to it. 25 When Fred left his job with Lansdowne Machinery, he received a cheque for $6,000. The cheque included $4,000 for his last month's pay and $2,000 for two weeks of vacation pay. Fred first joined Lansdowne in 1993 . How much of his final cheque can Fred rollover into an RRSP? a) $0 b) 52,000 c) $4,000 d) $6,000 Hannah operates a computer graphics business as a sole proprietor which provides her with CPP pensionable earnings of $32,000. The CPP employee contribution rate is 5.10% and the YMPE is $57,400. How much should Hannah set aside for her contribution to the Canada Pension Plan? a) $1,453.50 b) $1,632.00 c) $2,907.00 d) $3,264.00 Note:If you skip any of the questions when you click on the 'View Summary and Submit' button you will be shown a summary page which allows you to go back to and complete question prior to submitting your assessment. If you're unsure of your response for a question you may select the checkbox under the number and this question will also be listed on the summary page so you can easily go back to it. 29 Dexter wants to purchase a term certain annuity, but he has some misconceptions. What statement is true? a) The rate of interest decreases as the age of the purchaser increases. b) The rate of interest fluctuates during the term of the annuity. c) Annuity payments may vary among various financial institutions. d) The payments in the early years consist of a higher portion of capital relative to payments in the later years. inning Standards Board Ltd. (FPSB)