Question
Agnes is 66 years old. In 2023, she received OAS payments of $8,250, CPP payments of $10,000 and investment income of $65,000. No federal income
Agnes is 66 years old. In 2023, she received OAS payments of $8,250, CPP payments of $10,000 and investment income of $65,000. No federal income tax was withheld. Her total federal tax credits for 2023 (including charitable donations) are $2,500. Taking the OAS clawback into consideration, what is her federal income tax payable?
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Accounting And Auditing Research Tools And Strategies
Authors: Thomas R. Weirich, Thomas C. Pearson, Natalie Tatiana Churyk
10th Edition
1119698138, 9781119698135
