Tax Drill - Social Security Benefits
Determine the taxable amount of social security benefits for the
following situations. If an amount is zero, enter "$0".
a. Erwin and Eleanor are married and file a
joint tax return. They have adjusted gross income of $36,000, no
tax-exempt interest, and $12,400 of Social Security benefits. As a
result, $_____ of the Social Security benefits are taxable.
b. Assume Erwin and Eleanor have adjusted gross
income of $12,000, no tax-exempt interest, and $16,000...