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Dave and his spouse, Stefanie, (both over 65) are filing a joint return for 2022. They have an adjusted gross income (AGI) of $28,000 (and
Dave and his spouse, Stefanie, (both over 65) are filing a joint return for 2022. They have an adjusted gross income (AGI) of $28,000 (and no tax-exempt or foreign income) and receive combined Social Security benefits of $14,000. As a result, their combined income is $28,000 + $7,000 (half of Social Security benefits) = $35,000, which is $3,000 above the $32,000 threshold. Therefore, Dave and Stefanies AGI increases by what amount?
A. $0 B. $1,000 C. $1,500 D. $2,550
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