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A 68 year old taxpayer has $20,000 in social security income and on

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A 68 year old taxpayer has $20,000 in social security
income and on other taxable or tax-free income, how much
of the socila security income must the taxpayer include in
taxable income?
Solution
1/2*20000 = 10,000 which is below 25,000.
A quick way to find out if any of your benefits may be
taxable is to add one-half of your Social Security benefits
to all your other income, including any tax-exempt interest.
Next, compare this total to the base amounts below. If your
total is more than the base amount for your filing status,
then some of your benefits may be taxable. The three base
amounts are:

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A 68 year old taxpayer has $20,000 in social security income and on other taxable or tax -free income, how much of the socila security income must the taxpayer include in taxable income? Solution 1/2*20000 = 10,000 which is below 25,000. A quick way to find out if any of your benefits may be taxab ...
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