Consider a couple who are both seventy years old. The husband has a pension income of $20,000

Question:

Consider a couple who are both seventy years old. The husband has a pension income of $20,000 per year, while the wife has a pension income of $60,000 per year. What are the amounts of income taxes

(federal and Ontario) that they have to pay? Assume that they have no deductions, but that they are eligible for the categories of tax credits asmentioned in this chapter.

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