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