Exercise 4-26 (Algorithmic) (LO. 4) Determine the taxable amount of Soclal Security benefits for the following situations. If required, round your answers to the nearest dollar. 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 $39,400 before considering their 50cial Security benefits, no tax-exempt interest, and $13,790 of Social Security benefits. As a result, : X of the Social Secunity benefits are taxable. b. Assume Tyler and Candice have adjusted \$tuss income of $16,600 before considering their Social Security benefits, no tax-exempt interest, and $18,260 of Social Security benefits. As a result, $ of the Social Security benefits are taxable. c. Assume Tyler and Candice have adjusted gross income of $107,500 before considering their Social Security benefits, no tax-exempt interest, and $16,125 of Social Security benefits. As a result, $ of the Social Security benefits are taxable. Feedback r Check My Work If a taxpayer's income exceeds a specifled base amount, as much as 85 percent of Social Secunty retirement benefits must be included in gross income. The taxable amount of benefis is determined through the application of one of two formulas that utilize a unique measure of incomemodified adjusted gross income (MAGI)