Albane is a 20 year-old student, with no kids or partners, dependent, and living away from home. Her parents' income is $65,000 a year. She does not work. Which of the following statements is correct? [All numbers are rounded up to two decimal places, when required] A.The reduction to her fortnightly allowance is $53.02.B.Her maximum allowance before reduction is $389.40.C.Living away from home means that the parents' income should not be taken into account.D.One cannot calculate the allowance she receives as data on her assets are missing.E.None of the statements above is correct.
Question
Albane is a 20 year-old student, with no kids or partners, dependent, and living away from home. Her parents' income is 53.02.B.Her maximum allowance before reduction is $389.40.C.Living away from home means that the parents' income should not be taken into account.D.One cannot calculate the allowance she receives as data on her assets are missing.E.None of the statements above is correct.
Solution
The correct statement is B. Her maximum allowance before reduction is $389.40.
Here's why:
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Statement A cannot be confirmed as correct without knowing the specific rules and rates for calculating the reduction based on parental income.
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Statement B is correct if we assume that the maximum allowance for a dependent student living away from home is $389.40. This amount can vary depending on the specific rules and rates of the relevant welfare system.
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Statement C is incorrect. Even though Albane is living away from home, her parents' income can still be taken into account when determining her allowance if she is considered a dependent.
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Statement D is incorrect. While information about assets can be relevant for some types of allowances, it is not always necessary for calculating the allowance. In this case, we are not given any information that suggests Albane's assets need to be considered.
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Since statement B is correct, statement E is incorrect.
Similar Questions
Nadine, a 20 year- old student, with one child and no partner, lives at home to receive help for child care. Her parents' income is $65,000 a year. She earns $600 a fortnight in a casual job and her income bank balance is $0. Her allowance is calculated in the following way: ___________________________. A.= 389.40 - [ 47.50 +0.60 x (600 -575) ]B.= 389.40 - [ 47.50 +0.60 x (600 -575) ] - 0.20 x [ (65,000 -58,108)/26 ]C.= 720.40 - [ 47.50 +0.60 x (600 -575) ] - 0.20 x [ (65,000 -58,108)/26 ]D.= 389.40 - [0.50 x (600 -480) ]E.= 720.40 - [0.50 x (600 -480) ]F.= 720.40 - [ 47.50 +0.60 x (600 -575) ]
Aude is independent, with no kids or partners, living away from home. She earns $700 this fortnight on a casual work at a supermarket. Her income bank is $20.Her youth allowance, given her personal circumstances is _____________________. The result is rounded up to two decimal places. A.One cannot calculate the allowance as we do not have data for the income of her parents.B.$440.3C.$452.3D.$562.80E.$389.40
A dependent student's youth allowance value is affected by _______________________.You can select more than one answer.A.his place of living, at home or away from homeB.his own assetsC.his own income bank balanceD.his parents' assetsE.his parents' income bank balanceF.his parents' incomeG.his own income from work
Students with high income parents have a chance to be eligible to receive Youth allowance if _______________________.A.they decide not to get a job while studyingB.they remain single C.they are less than 22 years old D.they have a childE.they live away from home
Which of the following is NOT considered an allowance for exemption?Credits for child careEarning over $100,000 a yearDeductions for two-wage earners in a familyClaiming dependents
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