Instructions

Compute taxable Social Security benefits for Jim and Cindy Walsh, a couple who is married and files jointly (MFJ). Jim and Cindy's total income excluding Social Security benefits is $95,490. They also receive total Social Security benefits in the amount of $36,325.

Required:

1. Compute the amount of taxable Social Security benefits to report on Jim and Cindy's Form 1040 line 6b. Show all work. Label each step.