e and retired. They have the Francois and Nadine, a married couple, are both 68 years of age and retired. They he following incomes in 20X8: Francois Nadine $ 8,500 $ 4,800 CPP OAS 7,100 7,100 Pension from former employer 68,200 RRIF 8,000 Total $83,800 $19,900 The marginal tax rates are assumed to be 24% up to income of $47,000 and 32% income between $47.000 and $94,000. Required: How can Francois and Nadine minimize their income tax cost in 20X8? What is the maxi- mum tax that can be saved? (Assume the total income is the taxable income.)