Vera, 72 years old, single and a homeowner is a new client. She is seeking advice on applying for the age pension. She supplies the following information and has requested you calculate her potential government Age Pension. Vera has a lovely home and during the past two years has rented a room to Sally for $6,000 p.a. Vera is repaying a mortgage loan which was used to purchase the rental property. The current balance outstanding is $150,000. The rental property was used as security for the mortgage. Vera is a generous person and has gifted $30,000 this year to her grandchildren and $10,000 last year but not in any other years. A. Based on the above information calculate her age pension entitlement based on both the asset and income tests (use pension rate and threshold amounts as at 1 July 2022). Show workings (10 marks) B. Suggest ways Vera could legally improve her pension entitlement. (4 marks) Vera, 72 years old, single and a homeowner is a new client. She is seeking advice on applying for the age pension. She supplies the following information and has requested you calculate her potential government Age Pension. Vera has a lovely home and during the past two years has rented a room to Sally for $6,000 p.a. Vera is repaying a mortgage loan which was used to purchase the rental property. The current balance outstanding is $150,000. The rental property was used as security for the mortgage. Vera is a generous person and has gifted $30,000 this year to her grandchildren and $10,000 last year but not in any other years. A. Based on the above information calculate her age pension entitlement based on both the asset and income tests (use pension rate and threshold amounts as at 1 July 2022). Show workings (10 marks) B. Suggest ways Vera could legally improve her pension entitlement. (4 marks)