Hermano and Rosetta are a retired couple who receive $10,000 in Social Security benefits during the current

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Hermano and Rosetta are a retired couple who receive $10,000 in Social Security benefits during the current year. They also receive $3,000 in interest on their savings account and taxable pension payments of $28,000. What is their gross income if

a. They receive no other income?

b. They receive $13,000 in interest from tax-exempt bonds they own?

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Question Posted: Mar 29, 2013 03:42 AM

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Hermano and Rosetta are a retired couple who receive $10,000 in Social Security benefits during the current

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a Their gross income before considering Social Security is 31000 3000 28000 Their modified adjusted ...View the full answer

Concepts In Federal Taxation

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