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David and Renee Kimberly, age 65 and 75, respectively, have the following sources of income: Private pension receipts $16500 Social security 10400 Interest on bank
David and Renee Kimberly, age 65 and 75, respectively, have the following sources of income:
Private pension receipts | $16500 |
Social security | 10400 |
Interest on bank deposits | 265 |
Dividends from domestic corporations | 113 |
Interest on tax-exempt securities | 650 |
How much of the social security benefit is taxable to them?
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