Edna qualifies for the age amount; however, she had an earned income of $44 000 in 2017.

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Edna qualifies for the age amount; however, she had an earned income of $44 000 in 2017. As a result, her age amount is subject to a clawback of 15 percent for every dollar that her income is greater than the threshold of $36 430. Calculate Edna’s age amount credit for 2017.

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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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