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Determine the taxable amount of Social Security benefits for the following situations. If an amount is zero, enter 0 . a. Tyler and Candice

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Determine the taxable amount of Social Security benefits for the following situations. If an amount is zero, enter " 0 ". a. Tyler and Candice are married and file a joint tax return. They have adjusted gross income of $46,000 before considering their social Security benefits, no tax-exempt interest, and $12,400 of Social Security benefits. As a result, of the Social Security benefits are taxable. b. Assume Tyler and Candice have adjusted gross income of $12,000 before considering their Social Security benefits, no tax-exempt interest, and $16,000 of Social Security benefits. As a result, $ of the Social Security benefits are taxable. c. Assume Tyler and Candice have adjusted gross income of $85,000 before considering their Social Security benefits, no tax-exempt interest, and $15,000 of Social Security benefits. As a result, $ of the Social Security benefits are taxable. Nell and Kirby are in the process of negotiating their dlvorce agreement, to be finalized in 2021 . What should be the tax consequences to Nell and Kirby if the following, considered individually, became part of the agreement? a. In consideration for her one-half interest in their personal residence, Kirby will transfer to Nell stock with a value of $200,000 and $50,000 of cash. Kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. They purchased the residence three years ago for $300,000. The transfer of is a nontaxable event. Nell's basis for the stock is \$ Kirby's basis in the house is $ b. Nell will receive $1,000 per month for 120 months. If she dies before receiving all 120 payments, the remaining payments will be made to her estate. the payments are excluded from Nell's gross income as they are received by her, and Kirby may not deduct the payments. c. Nell is to have custody of their 12 -year-old son, Bobby. She is to receive $1,200 per month until Bobby (1) dies or (2) attains age 21 (whichever occurs first). After either of these events occurs, Nell will receive only $300 per month for the remainder of her life. The monthly payments are considered the payments are excluded from Nell's gross income as they are received by her, and Kirby may not deduct the payments

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