Calculate the amount of the oas claw-back

Assignment Help Accounting Basics
Reference no: EM133118730

Question - Monsieur Tremblant had taxable income of $68,300 in 2021. He qualifies for the maximum AS benefit of $7,421.40 The OAS minimum threshold is $79,054. Calculate the amount of the OAS "claw-back" that will apply to Monsieur Tremblant for the current year?

a. $0

b. $1,113.21

c. $1,613.10

d. $7,421.40

Reference no: EM133118730

Questions Cloud

Expected return for the sxz real estate investment trust : What is the expected return for the SXZ Real Estate Investment Trust if there is a 60% chance of a 12.4% return; a 30% chance of a return of 4.6%; and a 10% cha
What would happen to a corporation stock : What would happen to a corporation stock if its actual return on investment (ROI) was higher than its Weighted Average Cost of Capital
Features of fiat money and real money : Differentiate two (2) features of fiat money and real money using you own word.
Why is the choice correct and other choices are wrong : Please help me solve the following MCQ question (only 1 choice is correct, please ignore the choice already placed, it might not be correct), please also explai
Calculate the amount of the oas claw-back : The OAS minimum threshold is $79,054. Calculate the amount of the OAS "claw-back" that will apply to Monsieur Tremblant for the current year
Compute the payback period : For each project, compute the payback period, NPV, and internal rate of return (IRR). Then explain whether each project should be accepted based on these three
Assumption of quarterly payments : (a) What is the price of a 10 year bond (annual payments) with a coupon rate of 6% if the market rates are 8%? Is the bond selling at a premium or discount?
How much will he contribute into the canada pension plan : Roberto earns an annual salary of $83,600 per year as a manager at an information technology company. How much will he contribute into the Canada Pension Plan
How many years will it take : How many years will it take for a $100 investment today to grow to $200 if the interest rate is 5% annually?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd