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. c. Assuming that her OAS payment does not increase with inflation, what is Michelle's new OAS payment? SHOW YOUR WORK. (1 mark) d. At what level of 2018 income would she have her entire OAS benefit clawed back? (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. c. Assuming that her OAS payment does not increase with inflation, what is Michelle's new OAS payment? SHOW YOUR WORK. (1 mark) d. At what level of 2018 income would she have her entire OAS benefit clawed back? (1 mark)
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Answer rating: 100% (QA)
c The maximum OAS payment for 2018 is 58666 per month or 703992 annually Since Michelles incom... 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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