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George and Jill are husband and wife, ages 67 and 65 respectively. During the year, they receive Social Security benefits of $5,000 and have adjusted
George and Jill are husband and wife, ages 67 and 65 respectively. During the year, they receive Social Security benefits of $5,000 and have adjusted gross income of $12,000. Assuming they file a joint return, their tax credit for the elderly, before considering any possible limitation due to their tax liability, is: $1,125. $225. $1,050. $75. $0.
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