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Through a calculation (on Canadian Individual Tax Returns) known as the " Old Age Security ...

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Through a calculation (on Canadian Individual Tax Returns) known as the " Old Age Security ...

Through a calculation (on Canadian Individual Tax Returns) known as the " Old Age Security clawback", an individual receiving Old Age Security (OAS) benefits must repay an increasing portion of these benefits to the federal government as the individual's net income rises beyond a certain threshold. If the OAS clawback is 15% of net income exceeding $68,000, at what amount of net income must a taxpayer repay all $6300 OAS benefits received in the year?

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Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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More solutions for this book are available here

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sharonfaith30 Author

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Smart ... Thanks!

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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You make an excellent tutor!

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