Question
George and Weezy received $28,300 of Social Security benefits this year ($10,600 for George; $17,700 for Weezy). They also received $4,600 of interest from jointly
George and Weezy received $28,300 of Social Security benefits this year ($10,600 for George; $17,700 for Weezy). They also received $4,600 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? (Leave no answer blank. Enter zero if applicable.)
a. | George and Weezy file married joint and receive $8,350 of dividend income from stocks owned by George. Amount to be included as taxable income:
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Amount to be included: George: Weezy:
c. | George and Weezy file married joint and receive $31,400 of dividend income from stocks owned by George. Amount to be included as taxable income:
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