- In addition to Social Security benefits of $6,000, Mr. and Mrs. Smith have adjusted gross income of $30,000 and tax-exempt interest of $2,000. They will file a joint return. The taxable portion of their Social Security benefits will be

A) $0.

B) $1,500.

C) $4,000.

D) $6,000.

- Carmen and Marie had the following income and deductions during 2018:

Salaries $110,000

Interest income 5,000

Itemized deductions 25,000

Taxes withheld during year 11,000

Calculate Brad and Angie's tax liability due or refund. They file a joint tax return.

$0 tax due.

$679 tax due (liability).

$1,083 refund.

D)$1,083 tax due.

- Husband and wife, who live in a common law state, are eligible to file a joint return for 2018, but elect to file separately. Wife has adjusted gross income of $30,000 and has $3,400 of expenditures which qualify as itemized deductions. Husband deducts itemized deductions of $15,500. What is the taxable income for the wife?

A) $16,000

B) $23,200

C) $26,600

D) None of the above.