CRPC-CHARTERED RETIREMENT PLANNING
COUNSELOR EXAM QUESTIONS WITH
CORRECT ANSWERS 2026 CRPC ACTUAL
EXAM GRADED A+
Brent and Carol are married and file jointly. They have an AGI of
$50,000 and they receive a combined Social Security benefit of
$15,000. They have no tax-exempt income. What is the maximum
percentage of their Social Security benefit that will be subject to
taxation? Correct Answer 85
Spousal retirement benefits can be claimed as early as age
______. Correct Answer 62
Jeff and Betsy both attained their FRA in time to employ the
"restricted application for spouses" strategy. Jeff's PIA at his FRA
was $2,000 and Betsy's was $1,200. If they employ the "restricted
application for spouses" strategy, Betsy will begin receiving
$_____ per month. Correct Answer 1,200
Carla is collecting $600 per month from a government pension
and is also eligible to receive a Social Security spousal benefit of
$1,000 per month. Due to the GPO, her Social Security spousal
benefit will be reduced to ____________. Correct Answer 600
,David began receiving Social Security benefits in June 2020. He
later learned that he should have delayed receipt of his benefits
until a later age. He has until _______ to pay back all payments
and refile for increase benefits at a future date. Correct Answer
June 2021
Jerry was born in 1954. What age does Social Security consider
to be his full retirement age (FRA)? Correct Answer 66
Mary is 69 years old. She is receiving $1,800 per month in Social
Security. Her husband Ralph, age 67, who has not worked
enough quarters outside the home to be covered in his own right,
receives 50% of what Mary receives each month ($900). Assume
that Mary dies tomorrow. What will Ralph's Social Security benefit
be? Assume he has reached his survivor FRA. Correct Answer
1,800
Bob and Helen just won the lottery. The benefit this year will be
$50,000, and it will increase over the next 19 years. Bob's
monthly Social Security benefit is $1,800; Helen's monthly Social
Security benefit is $1,200. Bob is age 68, and Helen is age 69.
Which one of the following is a correct statement about Bob and
Helen's old-age Social Security benefits? Correct Answer Up to
85% of their Social Security benefit must be included in gross
income.
,Henry and his wife Etta will both reach their FRAs this month, and
they both plan to begin receiving Social Security benefits next
month. Etta's primary insurance amount (PIA) is $1,900; Henry's
PIA is $975. What will their maximum Social Security benefit be?
Correct Answer They will both receive their respective PIAs.
Michael, a 62-year-old single man, is considering beginning his
Social Security benefits to supplement his income of $14,000 per
year. How much will he lose in Social Security benefits due to the
earned income restrictions? Correct Answer 0
If provisional income exceeds all the thresholds given, then a
maximum of ___________ of Social Security benefits are subject
to taxation. Correct Answer 85%
Which one of the following is a correct statement about old-age
Social Security benefits? Correct Answer Old-age Social Security
benefits are not reduced for persons who have attained their
Social Security FRA regardless of the amount of earned income
received.
Jill and Mark are celebrating their 20th wedding anniversary,
receiving a 20-year watch from their employer, and reaching FRA
all on the same day with a trip to the beach. Which of the
following statements correctly describe the Social Security benefit
Jill is eligible to receive? Correct Answer 100% of her own benefit
, An individual's Social Security payment amount will be adjusted
annually to account for increases in inflation as measured by the
_____________. Correct Answer CPI-W
Higher income earners will have an income replacement ratio that
is Correct Answer lower than low income earners.
On average, Social Security represents ______ of the income of
the elderly. Correct Answer 33
Tom, 59, is a widower and is receiving a widower's benefit on his
deceased spouse's record. Tom is considering getting remarried.
As a planner, you should suggest which one of the following?
Correct Answer He should wait until age 60 to remarry.
Which one of the following counts as "earnings" for the Social
Security earnings test? Correct Answer Self-employment net
earnings
Carl is going to reach FRA later in the current year. He has begun
Social Security benefits but is still working. His Social Security
benefits will Correct Answer be reduced $1 for every $3 earned
above the earnings cap.
Social Security payments are Correct Answer taxable if your
provisional income exceeds the applicable threshold.
COUNSELOR EXAM QUESTIONS WITH
CORRECT ANSWERS 2026 CRPC ACTUAL
EXAM GRADED A+
Brent and Carol are married and file jointly. They have an AGI of
$50,000 and they receive a combined Social Security benefit of
$15,000. They have no tax-exempt income. What is the maximum
percentage of their Social Security benefit that will be subject to
taxation? Correct Answer 85
Spousal retirement benefits can be claimed as early as age
______. Correct Answer 62
Jeff and Betsy both attained their FRA in time to employ the
"restricted application for spouses" strategy. Jeff's PIA at his FRA
was $2,000 and Betsy's was $1,200. If they employ the "restricted
application for spouses" strategy, Betsy will begin receiving
$_____ per month. Correct Answer 1,200
Carla is collecting $600 per month from a government pension
and is also eligible to receive a Social Security spousal benefit of
$1,000 per month. Due to the GPO, her Social Security spousal
benefit will be reduced to ____________. Correct Answer 600
,David began receiving Social Security benefits in June 2020. He
later learned that he should have delayed receipt of his benefits
until a later age. He has until _______ to pay back all payments
and refile for increase benefits at a future date. Correct Answer
June 2021
Jerry was born in 1954. What age does Social Security consider
to be his full retirement age (FRA)? Correct Answer 66
Mary is 69 years old. She is receiving $1,800 per month in Social
Security. Her husband Ralph, age 67, who has not worked
enough quarters outside the home to be covered in his own right,
receives 50% of what Mary receives each month ($900). Assume
that Mary dies tomorrow. What will Ralph's Social Security benefit
be? Assume he has reached his survivor FRA. Correct Answer
1,800
Bob and Helen just won the lottery. The benefit this year will be
$50,000, and it will increase over the next 19 years. Bob's
monthly Social Security benefit is $1,800; Helen's monthly Social
Security benefit is $1,200. Bob is age 68, and Helen is age 69.
Which one of the following is a correct statement about Bob and
Helen's old-age Social Security benefits? Correct Answer Up to
85% of their Social Security benefit must be included in gross
income.
,Henry and his wife Etta will both reach their FRAs this month, and
they both plan to begin receiving Social Security benefits next
month. Etta's primary insurance amount (PIA) is $1,900; Henry's
PIA is $975. What will their maximum Social Security benefit be?
Correct Answer They will both receive their respective PIAs.
Michael, a 62-year-old single man, is considering beginning his
Social Security benefits to supplement his income of $14,000 per
year. How much will he lose in Social Security benefits due to the
earned income restrictions? Correct Answer 0
If provisional income exceeds all the thresholds given, then a
maximum of ___________ of Social Security benefits are subject
to taxation. Correct Answer 85%
Which one of the following is a correct statement about old-age
Social Security benefits? Correct Answer Old-age Social Security
benefits are not reduced for persons who have attained their
Social Security FRA regardless of the amount of earned income
received.
Jill and Mark are celebrating their 20th wedding anniversary,
receiving a 20-year watch from their employer, and reaching FRA
all on the same day with a trip to the beach. Which of the
following statements correctly describe the Social Security benefit
Jill is eligible to receive? Correct Answer 100% of her own benefit
, An individual's Social Security payment amount will be adjusted
annually to account for increases in inflation as measured by the
_____________. Correct Answer CPI-W
Higher income earners will have an income replacement ratio that
is Correct Answer lower than low income earners.
On average, Social Security represents ______ of the income of
the elderly. Correct Answer 33
Tom, 59, is a widower and is receiving a widower's benefit on his
deceased spouse's record. Tom is considering getting remarried.
As a planner, you should suggest which one of the following?
Correct Answer He should wait until age 60 to remarry.
Which one of the following counts as "earnings" for the Social
Security earnings test? Correct Answer Self-employment net
earnings
Carl is going to reach FRA later in the current year. He has begun
Social Security benefits but is still working. His Social Security
benefits will Correct Answer be reduced $1 for every $3 earned
above the earnings cap.
Social Security payments are Correct Answer taxable if your
provisional income exceeds the applicable threshold.
