Q8: Elaine Sweinfeld is a 71 year old widowed retiree. Over the past 5 years, she has spent $80,000 helping her adult children with their house renovations. She has a casual job as a school crossing supervisor earning $4,860 per year and draws on a non lump sum superannuation annuity of $7,300 per year. She is currently renting and has the following assets: Asset Investment Fund Shares Bank Term Deposit Holden Caprice Boat Prepaid Funeral %return pa 13.7% 12.2% 3.75% Total Asset Value $197,000 $136,000 567,000 $58,000 $14,000 13,000 $21,000 $9,000 Jewellery Calculate Elaine's actual current income 3 Marks Calculate Elaine's assessable income, including deemed income. 4 Marks Calculate Elaine's pension using the income test based on assessable income. 3 Marks Calculate Elaine's pension using the assets test based on assessable assets. 4 Marks MacBook Air