eBook Calculator Exercise 4-27 (Algorithmic) (LO. 4) Determine the taxable amount of social security benefits for the following situations. If required, round your answers to the nearest dollar If an amount is zero, enter "0 a. Erwin and Eleanor are married and file a joint tax return. They have adjusted gross income of $42,800, no tax-exempt interest, and $14,980 of Socal Security benofits, As a S400x of the Social Security benefits are taxable. $14,980 of Social Security benefits. As a result, b. Assume Ewin and Eleanor have adjusted gross income of $19,600, no tax-exempt interest, and $21,560 of Social Security benefits. As a resui,o c. Assume Erwin and Eleanor have adjusted gross income of $89,500, no tax-exempt interest, and $13,425 of Social Security benefits. As a result, s11411 of the Social Security benefits are taxable o of the Social Security benefits are taxable. if a taxpaver's income exceeds a specified base amount, as much as 85 percent of Social Security retirement benefits must be included in gro income. The taxable amount of benefits is determined through the application of one of two formulas that utilize a unique measure of income-modified adjusted gross income (MAGI) All work saved. MacBook Air 880 F3 FS F7 F8 F9 F10