5.Mr. and Mrs. Woodward, an elderly couple with no dependents, have taxable source income of $8,000 and Social Security income of $26,000. They own prop erty assessed at $80,000 (current market value of$190,000) andare sub jectto a property tax rate of $5/$100 of assessed value. They each receive an old-age property tax exemption of $500. They are eligible for the state property tax cir cuit breaker. The relief threshold is 6 percent of total money income; 25 percent of any ov rload is returned by the state in an income tax credit. Maximum relief paid is $600 per coup le.

a.What property tax would they pay without circuit breaker relief?

b.For how much circuit breaker relief are they eligible?