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1. Shelley and Tyler (MFI) have interest income of $14,000, dividend income of $4,000, net rental income of $6,000, and tax-exempt interest income of $10,000.

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1. Shelley and Tyler (MFI) have interest income of $14,000, dividend income of $4,000, net rental income of $6,000, and tax-exempt interest income of $10,000. They also received Social Security benefits of $15,000. How much of Social Security is taxable? 2. Benjamin and Chloe (MFI) have pension income (fully taxable) of $50,000 and tax-exempt interest of $4,000. They also received $28,000 of Social Security benefits. How much of Social Security is taxable? 3. Laken, a single taxpayer, has AGI of $22,000 and Social Security benefits of $9,000. How much of Social Security is taxable? 4. Joe and Samantha (MFJ) have AGI of $35,000 and Social Security benefits of $9,000. How much of Social Security is taxable? 5. Jack, head of household, has AGI of $18,000, and he received $35,000 in Social Security benefits. How much of Social Security is taxable? 6. Kyle, a single taxpayer, has modified AGI of $40,000, and he received $18,000 in Social Security benefits. How much of Social Security is taxable? 7. Paul, a single taxpayer, has modified AGI of $5,000, and he received $10,000 in Social Security benefits. How much of Social Security is taxable? 8. Unlucky Larry was seriously injured while working on the job in June. During the course of the year, he received workers' compensation payments of $5,000, damages for loss of limb of $10,000, and a punitive settlement of $5,000. How much will be included in taxable income this year? 9. Matthew is a paramedic and works 24-hour shifts. The firehouse provides lodging for him to sleep during his shift, as he is on call and needs to be in the area. Is the lodging taxable to him? 10. Casey works at a large corporation that encourages their employees to further their education by paying up to $3,000 per year for tuition. Casey takes advantage of this great opportunity. Is she required to include the $3,000 in taxable income

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