Evelene and Arley file MJF. Evelene received $15,424 and Arley received $27,452 in social security benefits....

Evelene and Arley file MJF. Evelene received $15,424 and Arley received $27,452 in social security benefits. Arley also received $22,148 from his pension and $2,378 in interest. their combined taxable social security benefits are _______.

Expert Solution

Using social security worksheet:

Ref	Particulars	Amount
	MAGI plus 50% of SS:
	MAGI	24,526
50%SS	Add: 50% of SS	21,438
	Total	45,964
	Less: base amount	(32,000)
a	First excess	13,964
b	Less: second base	(12,000)
	Second excess	1,964
c	Smaller of two a,b	12,000
d	50% of c	6,000
e	Smaller of d and 50%SS	6,000
f	× 85% of second excess	1,669
g	Add e,f	7,669
h	85% of SS	36,445
min(g,h)	Taxable benefits	7,669
	Tax exempt	35,207

Taxable benefits are 7669

ekkarill92 answered 3 years ago

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