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Enrolled Actuary Exam Prep

Category - Enrolled Actuary

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Data for participant Smith: Age 65Years of service 10 Average compensation for highestconsecutive 3 years of participation $50,000 The plan provides the qualified joint and 100% survivor annuity on a fully subsidized basis. Consider the following statement:The maximum annual annuity Smith can receive in the form of a qualified joint and 100% survivor annuity is $50,000.Is the above statement true or false?

True
False

Explanation

Answer: A - True

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Enrolled Actuary Exam Prep

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