Question
Pierre is 66 years old. His income for the year is $65,200. In 2020 the maximum amount for the Age Tax Credit was $7,637. What
Pierre is 66 years old. His income for the year is $65,200. In 2020 the maximum amount for the Age Tax Credit was $7,637. What would be Pierre's Age Tax Credit?
Hint: In 2020, the age amount was reduced by 15% of a taxpayer's income that exceeded the threshold of $38,505.
Points: 1
-
$1,146
-
$3,633
-
$601
-
$545
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
2nd Edition
0324117752, 9780324117752
