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Exercise 4-26 (LO. 4) Determine the taxable amount of Social Security benefits for the following situations. If an amount is zero, enter 0 .

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Exercise 4-26 (LO. 4) 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

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