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P received Old-age security pension (OAS) payments totaling $7,400 in the current year. No tax was withheld. Ps net income for the current year is
P received Old-age security pension (OAS) payments totaling $7,400 in the current year. No tax was withheld. Ps net income for the current year is $85,000 before adjusting for any OAS repayment. What is the amount of the OAS repayment (Part 1.2 tax) for the current year?
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