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.$452.3B.$562.80C.$389.40D.One cannot calculate the allowance as we do not have data for the income of her parents.E.$440.3

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.= 720.40 - [ 47.50 +0.60 x (600 -575) ]C.= 720.40 -  [0.50 x (600 -480) ]D.= 720.40 - [ 47.50 +0.60 x (600 -575) ] - 0.20 x [ (65,000 -58,108)/26 ]E.= 389.40 - [ 47.50 +0.60 x (600 -575) ] - 0.20 x [ (65,000 -58,108)/26 ]F.= 389.40 -  [0.50 x (600 -480) ]

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.

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

Susan would like to receive $70,000 in the first year of her financial independence at age 60. After this first income payment, she is content with her annual income growing at the rate of 2% per annum below the rate of inflation. She would like this income to be paid indefinitely. She expects inflation to be 3% per year and her investments to achieve nominal returns of 6% per year (compounded yearly). Assuming that all calculations are to be performed in ‘real’ terms, how much does she need to save for financial independence (to the nearest dollar)

Students with high income parents have a chance to be eligible to receive Youth allowance if _______________________.A.they are less than 22 years old B.they live away from homeC.they decide not to get a job while studyingD.they have a childE.they remain single