Question 2 1 Point A client of yours is 69 years old and taking advantage of...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664531c2115d3_753664531c1e0e36.jpg)
Transcribed Image Text:
Question 2 1 Point A client of yours is 69 years old and taking advantage of being eligible for the full OAS pension. The OAS Pension benefit they were eligible to receive at normal retirement age was $713. per month. Your client didn't start receiving an OAS pension until their 68th birthday. Last year while receiving OAS, your client's income had increased substantially, and was $95,000. If the OAS Minimum Income Recovery Threshold is $90,997, how much will your client's annual OAS pension be after accounting for clawback, if any? When completing your calculations you don't need to consider the quarterly indexation of OAS Benefits. Please round your answer to the nearest dollar, and do not use any symbols (i.e.: dollar sign, comma, or a decimal in your answer) For example: if your answer is $1,820.50 then it should be input as 1821 Question 2 1 Point A client of yours is 69 years old and taking advantage of being eligible for the full OAS pension. The OAS Pension benefit they were eligible to receive at normal retirement age was $713. per month. Your client didn't start receiving an OAS pension until their 68th birthday. Last year while receiving OAS, your client's income had increased substantially, and was $95,000. If the OAS Minimum Income Recovery Threshold is $90,997, how much will your client's annual OAS pension be after accounting for clawback, if any? When completing your calculations you don't need to consider the quarterly indexation of OAS Benefits. Please round your answer to the nearest dollar, and do not use any symbols (i.e.: dollar sign, comma, or a decimal in your answer) For example: if your answer is $1,820.50 then it should be input as 1821
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
22: You have been engaged to perform a valuation exercise for XYZ Ltd. You are provided with the following information: Current dividend per share: $0.40 (100% unfranked) Estimated cost of equity...
-
This assignment requires you to complete the 2022 tax reporting for a fictional woman named Anna Smith. Question 1 T1 - step 4 - line 66 This is Anna's taxable income Answer: Question 2 T1 - step...
-
Luna is 69 years old and taking advantage of being eligible for the full OAS pension. Last year while receiving OAS, her income was $92,000. If the OAS Minimum Income Recovery Threshold was $75,910,...
-
You firm needs to pay its British supplier 1,000,000. If the exchange rate is $1.61/, how many dollars will you need to pay the British supplier? OA. $1,000,000 OB. $621,118 c. $1,610,000 D. $385,787
-
Why is it typically more difficult to exercise leadership in foreign channels than in domestic ones?
-
Suppose most investors expect the inflation rate to be 5% next year, 6% the following year, and 8% thereafter. The real risk-free rate is 3%. The maturity risk premium is zero for bonds that mature...
-
What accounts are affected, and how, when cash is deposited in a bond sinking fund in the second year of a bond issue?
-
Sym Corporation, a wholly owned subsidiary of Paratec Corporation, leased equipment from its parent company on August 1, 2016. The terms of the agreement clearly do not require the lease to be...
-
Whats the secrete behind Nephilim Illuminati and free masons and whats the different between them ? Im a christian and I think that they hide something and there is a devil behind them and they want...
-
If individuals behave irrationally in some circumstances, why do economists typically assume that they behave rationally? a. The assumption of rationality allows economists to make powerful...
-
Define at least three of the other forms of business.
-
Briefly describe the two most common types of budget.
-
What justified the creation of corporation? Briefly discuss three justifications.
-
What are the best practical recommendations to be given to a small business owner in order to help in the business budgetary control?
-
Feedback is a critical management skill that pervades everything we do in organizations. Feedback is information about the effect we have on others. It is used to tell employees how well their...
-
Bond-Line Structure For Isomeric Compounds Of C4h8o And Their Iupac Names
-
Key comparative figures for both Best Buy and Circuit City follow. Required 1. Compute sales-per-employee for 2005 and 2004 for each company. 2. Comment on each companys operating efficiency based on...
-
The payroll records of JK Landscape Design provided the following data for the weekly pay period ended October 7: The FICA Social Security tax rate is 6.2% and the FICA Medicare tax rate is 1.45% on...
-
Refer to Problem 9-4B. Before the pay period endin g June 1, 2007, the individual employee earnings record for Andre Jones reports the following: Social Security taxes of 6.2% and Medicare taxes of...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App