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Michelle received $ 1 2 , 8 7 5 . 1 6 in OAS pension income in 2 0 2 4 . Her total income
Michelle received $ in OAS pension income in Her total income for was $ For the minimum income threshold is $
a What is her monthly OAS clawback? Please explain step by step.
b What is the clawback period?
c Assuming that her OAS payment does not increase with inflation, what is Michelles new OAS payment? Please explain step by step.
d At what level of income would she have her entire OAS benefit clawed back?
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Managerial Finance Essentials
Authors: Charles O. Kroncke, Alan E. Grunewald, Erwin Esser Nemmers
2nd Edition
0829901590, 978-0829901597
