Michelle received $6,600 in OAS pension income in 2018. Her total income for 2018 was $94,000....
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Michelle received $6,600 in OAS pension income in 2018. Her total income for 2018 was $94,000. For 2018, the minimum income threshold is $75,910. a. What is her monthly OAS clawback? SHOW YOUR WORK. (2 marks) b. What is the clawback period? (1 mark) Michelle received $6,600 in OAS pension income in 2018. Her total income for 2018 was $94,000. For 2018, the minimum income threshold is $75,910. a. What is her monthly OAS clawback? SHOW YOUR WORK. (2 marks) b. What is the clawback period? (1 mark)
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The OAS pension income clawback is calculated as follows Total inco... View the full answer
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
Posted Date:
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