The Deeming of Income When Assessing Eligibility for the Age

The deeming of income when assessing eligibility for the age pension under the income test is:

A) applied to all assets of the person.
B) applied to financial assets of the person subject to some exclusions.
C) only applied to some financial assets above a threshold asset level.
D) applied to financial assets of the person subject to some exclusions and uses the higher of the deemed income or actual income returned by these financial assets.