Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sandra stopped working, and stopped contributing to the Canada Pension Plan, on her 6 5 th birthday. At age 6 5 , she applied for

Sandra stopped working, and stopped contributing to the Canada Pension Plan, on her 65th birthday. At age 65, she applied for and began to receive her CPP retirement income. Her birthday falls on July 1st,1953. She has worked in Canada since the age of 18. Her total adjusted pensionable earnings (TAPE) and her adjusted TAPE are $1,734,691.14 and $1,570,151.43, respectively.
a. What is her CPP retirement pension? SHOW YOUR WORK.
b. For how many months will she receive retroactive payments?
c. On January 1st,2019, Sandra returned to the workforce for one year. She will earn an annual income of $30,000. What is her monthly PRB for 2020?
********This question already posted and got correct answer. Dont answer this question If you answer i will get 10 dislikes.***********

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Risk Based Approach to Conducting a Quality Audit

Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg

10th edition

1305080572, 978-1305465664, 1305465660, 978-1305080577

More Books

Students also viewed these Accounting questions

Question

=+b) Whats the mean of the net profit?

Answered: 1 week ago