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Darius just retired. He is 6 5 years old and decided to attempt to prepare his 2 0 2 2 personal income tax return for
Darius just retired. He is years old and decided to attempt to prepare his personal income tax return for the first time. He understands that many miss taking the nonrefundable tax credits that are due to them. He has read up on them and knows to claim the Age Amount nonrefundable tax credit towards his federal taxes. The Age Amount is $ and since the only requirement for this credit is net income and age, it is one of the easier tax deductions for seniors in Canada to claim. Darius' net income is $ What is the nonrefundable tax credit for the Age Amount?
Hint: In the age credit is reduced at a rate of when a taxpayer's income exceeds the threshold of $ The nonrefundable tax credit is calculated at the rate of
Select one:
a
$
b
$
c
$
d
$
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