Go to the IRS Web site (www.irs.gov) and locate Publication 915: Social Security and Equivalent Railroad Retirement

Question:

Go to the IRS Web site (www.irs.gov) and locate Publication 915: Social Security and Equivalent Railroad Retirement Benefits. Determine how much of the Social Security benefits must be included in income for a single individual who had $20,000 in income and $5,000 in interest from tax-exempt bonds, in addition to receiving $10,000 in Social Security benefits.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...