55 Linda and Don are married and file a joint return. In 2017, they received $12,000 in Social Security benefits and $35,000 in taxable pension benefits and interest. a. Compute the couple's adjusted gross income on a joint return Highlighted requires your input-some may be S0 Taxable Social Security Benefits (calculate below) Pension & Interest Total AGI Calculation of Social Security Pension & Interest Reference page 4-28 (part4 4g) Social Security at x % allowable (base level) Net wages Taxable Social Security Benefits b. Don would like to know whether they should sell for $100,000 (at no gain or loss) a corporate bond that pays 8% in interest each year and use the proceeds to buy a $100,000 nontaxable State of Virginia bond that will pay $6,000 in Taxable Social Security Benefits (calculate below) Pension & Interest Total AGI Calculation of Social Security Reference page 4-28 (part 4 4g) Pension & Interest Social Security at x % allowable (base level) Net wages Taxable Social Security Benefits