Calculate the amount of the oas claw-back

Assignment Help Accounting Basics
Reference no: EM133122405

Question - Madame Tremblant had taxable income of $91,700 in 2021. She qualifies for the maximum AS benefit of $7,421.40. The AS minimum threshold is $79,054. Calculate the amount of the OAS "claw-back" that will apply to Madame Tremblant for the current year?

Reference no: EM133122405

Questions Cloud

Pros and cons to tackle the case study problem : -Are there different, alternatives or actions to take with their pros and cons to tackle the case study problem?
Understand the industry in which you''ll be offering service : To introduce a successful new service, you should understand the industry in which you'll be offering the service.
What is regression analysis : What is regression analysis and how does it help in estimating a cost function? Interpret your results with a numerical example.
What is the change in the fi market value of equity : If the entire yield curve shifted upward 0.15 percent (i.e., ?R/(1 + R) = 0.0015), what is the change in the FI's market value of equity?
Calculate the amount of the oas claw-back : The AS minimum threshold is $79,054. Calculate the amount of the OAS "claw-back" that will apply to Madame Tremblant for the current year
What is the bond nominal yield to call : The bond has a 5% nominal yield to maturity, but it can be called in 5 years at a price of $1,052.04. What is the bond's nominal yield to call
What is the estimated inventory on july : On July 8, a fire destroyed the entire merchandise inventory at Able Wholesale Corporation. What is the estimated inventory on July
Estimate of growth company cost of equity : Growth Company's current share price is $19.90, and it is expected to pay a $1.25 dividend per share next year. After that, the firm's dividends are expected to
What is the change in capital for the fund : You are running a hedge fund with a long position of 4,000 shares of IBM, and a short position of 6,000 shares of Intel. IBM is currently trading at $190 per sh

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