In 2022, James, a single taxpayer, received $7,000 in Social Security benefits. His Adjusted Gross Income (AGI) (excluding Social Security) is $22,000, and he also received $35,000 in tax- exempt interest income. How much of James' Social Security benefits must be included in his gross income in 2022?

In 2022, James, a single taxpayer, received $7,000 in Social Security benefits. His Adjusted Gross Income (AGI) (excluding Social Security) is $22,000, and he also received $35,000 in tax- exempt interest income. How much of James' Social Security benefits must be included in his gross income in 2022?

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter2: Gross Income And Exclusions

Section: Chapter Questions

Problem 33P: During the 2019 tax year, Brian, a single taxpayer, received $ 7,400 in Social Security benefits....

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