**Tax Scenario for Susan**Susan is single and had the following tax information for the current tax year:- **Pension income**: $58,800- **Social Security benefit**: $18,700- **Tax-exempt interest**: $3,750**How much of her Social Security Benefits (SSB) must Susan include in her taxable income?** *(Round answer to 0 decimal places, e.g., 5,125.)***Taxable SSBs**: $\_\_\_\_$

Modified total income = Total income + 50% of SSB + Tax exempt interest = $58,800 + $18,700(50%) +…

Answered: How much of her SSB must Susan include…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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How much of her SSB must Susan include in her taxable income? (R