2. Social Security Benefits. (Obj. 2) Taxpayers A through C received social security (SS) benefits during the year. Taxpayer C lived with his spouse part of the year. Follow the instructions and fill in the blank lines in the table below for each taxpayer. On line p. show the amount of taxable social security benefits for each taxpayer. Social Security benefits received First-Tier Formula AGI before SS b. 50% SS benefits C Tax-exempt interest d. Modified AGI Less: Base amount f. Excess modified AGI 50% of line f. Tentative taxable SS benefits CH B Single $ 7,800 $50,000 3.900 500 [25.000) S B MFJ 312,900 $48,000 6,450 400 $ (32.000) $ C MFS $11,000 $ 5,000 5.500 400 ( 64 ta S 0)

Social security Benefits. (Obj. 2) Taxpayers A through C received social securicy (SS) benefits during the year. Taxpayer C lived with his spouse part of the year. Follow the instructions and fill in the blank lines in the rable below for each taxpayer. On line p, show the amount of taxable social security benefits for each taxpayer. h. Tencatise raxable SS benefirs (lesser of line g, or b.) Serond-Tier Formula i. Modified AGI (line d.) j. Less: Threshold amount k. Excess 1. Linc k. 85% m. Lesser of line h. ot g. n. Line 1.+ line m. o. SS benefits 85% p. Taxable benefits (lesser of line n: or o. Threshold amount (line j) Less base amount (line e.) Difference 4. 50% of the difference \begin{tabular}{|c|c|c|c|} \hline$ & $ & $ & 0) \\ \hline$ & $ & $ & \\ \hline$ & $ & $ & \\ \hline 5 & $ & $ & \\ \hline$ & s & $ & \\ \hline 5 . & s. & $ & \\ \hline S. & s & $ & \\ \hline$34,000 & $44,000 & 5 & 0 \\ \hline(25,000) & (32,000) & & 0). \\ \hline s 9.000 & 512,000 & s & 0 \\ \hline$4,500 & 56000 & s & 0 \\ \hline \end{tabular}