Question
George and Weezy received $27,700 of Social Security benefits this year ($10,300 for George; $17,400 for Weezy). They also received $4,450 of interest from jointly
George and Weezy received $27,700 of Social Security benefits this year ($10,300 for George; $17,400 for Weezy). They also received $4,450 of interest from jointly owned City of Ranburne Bonds and dividend income. |
What amount of the Social Security benefits must George and Weezy include in their gross income under the following independent situations? |
a. | George and Weezy file married joint and receive $8,050 of dividend income from stocks owned by George. |
b. | George and Weezy file married separate and receive $8,050 of dividend income from stocks owned by George. |
c. | George and Weezy file married joint and receive $30,800 of dividend income from stocks owned by George. |
d. | George and Weezy file married joint and receive $15,400 of dividend income from stocks owned by George. |
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