For 2020, Mr. Oliver Clemens has net employment income of $67,200, receives EI payments of $9,460, and receives $7,400 in Old Age Security (OAS)payments. No amount was withheld from the OAS payments because he had very low income in the previous two years due to large business losses. Determine Mr. Clemens' Net Income For Tax Purposes for 2020.

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The Answer of For 2020, Mr. Oliver Clemens has net employment income of $67,200, receives EI payments of $9,460, and receives $7,400 in Old Age Security (OAS)payments. No amount was withheld from the OAS payments because he had very low income in the previous two years due to large business losses. Determine Mr. Clemens' Net Income For Tax Purposes for 2020.