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Below is the Old Age Security ( OAS ) pension recovery tax table ( also known as the OAS clawback table ) . Use the

Below is the Old Age Security (OAS) pension recovery tax table (also known as the
OAS clawback table). Use the following information to respond to Lionel's OAS
question.
Lionel is 75 years old and receives an OAS monthly pension of $778.45. As he is on
a tight retirement budget, he is concerned about the OAS clawback. He knows that
the clawback for repayment is 15% of the difference between his net income of
$98,459 and the minimum threshold amount. Lionel wants to know how much of his
OAS that he would get to keep after the OAS clawback. Ignore taxes.
Select one:
a. $1,676
b. $7,982
c. $7,609
d. $7,727
e. $1,732
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