In 2022, Mark and Susan, a married couple filing jointly, received $35,000 in Social Security benefits. Their Adjusted Gross Income (AGI) (excluding Social Security) is $40,000, and they also received $15,000 in tax-exempt interest income. How much of their Social Security benefits must they include in gross income for 2022?

In 2022, Mark and Susan, a married couple filing jointly, received $35,000 in Social Security benefits. Their Adjusted Gross Income (AGI) (excluding Social Security) is $40,000, and they also received $15,000 in tax-exempt interest income. How much of their Social Security benefits must they include in gross income for 2022?

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter7: Tax Credits

Section: Chapter Questions

Problem 21MCQ: Virginia and Richard are married taxpayers with adjusted gross income of $28,000 in 2019 If Virginia...

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