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Julies net income in 2022 was $47,000, while her partners was $53,000. The couple incurred...

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Finance

Julies net income in 2022 was $47,000, while her partners was $53,000. The couple incurred eligible medical expenses of $6,250. To claim a non-refundable tax credit, medical expenses must exceed $2,479 or 3% of net income, whichever is less. What is the most the couple could obtain as a non-refundable medical tax credit? Round to the nearest dollar.

Select one:

a.

$726

b.

$803

c.

$566

d.

$699

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