Question
a. Harry is 62 years old and an employee at Star Corporation. Star pays $1,500 for Harry to attend a special seminar on how to
a.
Harry is 62 years old and an employee at Star Corporation. Star pays $1,500 for Harry to attend a special seminar on how to manage your retirement and pension funds. Harry must include in gross income:
| $1,500 | ||
| $750 | ||
| $0 | ||
| $1,000 |
b.
Henry and Carol received $8,600 in Social Security benefits in 2021. Their AGI was $90,000 before inclusion of any social security. How much, if any, of the social security benefits must they include in gross income?
| $7,310 | ||
| $9,600 | ||
| $8,610 | ||
| $0 |
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Glencoe Accounting Concepts Procedures Applicatons
Authors: McGraw-Hill Education
3rd Edition
0028036174, 978-0028036175
