Exercise 4-26 (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. Tyler and Candice are married and file a joint tax return. They have adjusted gross income of $39,000 before considering their Social Security benefits, no tax-exempt interest, and $13,650 of Social Security benefits. As a result, $ Social Security benefits are taxable. 6,825 X of the b. Assume Tyler and Candice have adjusted gross income of $15,400 before considering their Social Security benefits, no tax-exempt interest, and $16,940 of Social Security benefits. As a result, s 0 of the Social Security benefits are taxable. c. Assume Tyler and Candice have adjusted gross income of $101,500 before considering their Social Security benefits, no tax- exempt interest, and $15,225 of Social Security benefits. As a result, 12,941 of the Social Security benefits are taxable. Problem 4-52 (LO. 4) For each of the following, determine the amount that should be included in gross income. If an amount is zero, enter "0". a. Peyton was selected the most valuable player in the Super Bowl. In recognition of this, he was awarded an automobile with a value of $60,000. Peyton did not need the automobile, so he asked that the title be put in his parents' names. Peyton is required to include s 60,000 in his gross income. b. Jacob was awarded the Nobel Peace Prize. When he was presented the check for $1,400,000, Jacob said, "I do not need the money. Give it to the United Nations to use toward the goal of world peace." Jacob is required to include s 0 of the prizes received in his gross income. c. Linda appeared on a television game show during the year, winning $6,000 of cash and $4,000 of furniture and appliances. Linda is required to include s 4,000 X of the prizes in her gross income.