CRPC -Module 3 Exam Questions with
Complete Solutions3
A client's primary insurance amount (PIA) is all of the following except
a. the amount at full retirement age (FRA)
b. the core of basis for every payment made on his record.
c. the amount to which delayed retirement credits (DRCs) are applied.
d. an inflation-adjusted average of his lifetime earnings. - ANSWERS-d. an inflation-adjusted
average of his lifetime earnings.
A "currently insured worker" is eligible for all of the following benefit except
a. a lump sum death benefit
b. spousal benefits if caring for a child under age 16.
c. spousal retirement benefits
d. child benefits if dependent is under age 18. - ANSWERS-c. spousal retirement benefits
All of the following are correct regarding delayed retirement credits, except
a. they are essentially an 8% raise in payments for each year of late filing.
b. they can pass on to your surviving spouse as widow's benefit.
c. they are applied each year after attaining age 62.
d. they are only applied up until age 70. - ANSWERS-c. they are applied each year after attaining
age 62.
Complete Solutions3
A client's primary insurance amount (PIA) is all of the following except
a. the amount at full retirement age (FRA)
b. the core of basis for every payment made on his record.
c. the amount to which delayed retirement credits (DRCs) are applied.
d. an inflation-adjusted average of his lifetime earnings. - ANSWERS-d. an inflation-adjusted
average of his lifetime earnings.
A "currently insured worker" is eligible for all of the following benefit except
a. a lump sum death benefit
b. spousal benefits if caring for a child under age 16.
c. spousal retirement benefits
d. child benefits if dependent is under age 18. - ANSWERS-c. spousal retirement benefits
All of the following are correct regarding delayed retirement credits, except
a. they are essentially an 8% raise in payments for each year of late filing.
b. they can pass on to your surviving spouse as widow's benefit.
c. they are applied each year after attaining age 62.
d. they are only applied up until age 70. - ANSWERS-c. they are applied each year after attaining
age 62.
