You have the right to use your book and any notes taken during the class True or False $(5$ points$)$ Write T or F at the end of the statement $-$ Payments by employers to private health care plans are not taxable benefits and any benefits received under such plans are tax free $-$ The standby charge on an automobile provided by an employer to an employee will always be equal to $2$ percent of the cost of the car for each month of availability. $-$ An individual cannot claim the pension income credit if their only income is from the Canada Pension Plan. r $4.-$ There is no limit on the amount of the tuition credit that can be transferred to a spouse. F $5.-$ All federal tax credits are calculated by multiplying the lowest federal income tax bracket rate of $15\%$ by an indexed amount.