For 2020, Ms. Marilyn Jacobi has net employment income of $65,000, receives EI payments of $10,000,.

For 2020, Ms. Marilyn Jacobi has
net employment income of $65,000, receives EI payments of $10,000, and receives
$7,400 in Old Age Security (OAS) payments. No amount was withheld from the OAS
payments because she had very low income in the previous two years due to large
rental losses. Determine Ms. Jacobi’s Net Income For Tax Purposes for 2020.

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