Sam Snead was 67 years, 2 months, 7 days old at the time he made the cut at 1979 PGA Championship
The cut for the Masters is determined by the top 44 and ties, and those withing 10 shots of the lead. This is an individual rule as determined by the masters, there is usually a bigger field in PGA Tour events so a larger number of players make the cut.
you get cut in rustboro city in the cut masters house
see that says cut masters house in rustburo go in there
well obviously if you are in last place, you don't make the cut! but if you made the cut and you are in last place, then you get about 1,000 dollars.
Masters of the Pillow - 2003 V is rated/received certificates of: Singapore:R21 (cut)
Prize money list can be found at: http://www.augusta.com/stories/040807/mas_123892.shtml
All players except the amateurs receive some money. Only those who make the cut receive official money.
The prize payout for all golfers that make the final cut in the master tournament will vary from year to year. As an example, in 2008, the total prize money was $7,500,000 with $1,350,000 going to the winner.