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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
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 $39,400 before considering their Social Security benefits, no tax-exempt interest, and $13,790 of Social Security benefits. As a result, $ Security benefits are taxable. b. Assume Tyler and Candice have adjusted gross income of $19,000 before considering their Social Security benefits, no tax-exempt interest, and $20,900 of Social Security benefits. As a result, $ of the Social Security benefits are taxable. c. Assume Tyler and Candice have adjusted gross income of $94,000 before considering their Social Security benefits, no tax-exempt interest, and $14,100 of Social Security benefits. As a result, $ of the Social Security benefits are taxable
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