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nedd some help with taxation questions 27. Which of the following statements is true regarding the taxation of Social Security benefits? a.) 85% is the

nedd some help with taxation questions
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27. Which of the following statements is true regarding the taxation of Social Security benefits? a.) 85% is the maximum amount of taxable Social Security benefits. b.) 50% is the maximum amount of taxable Social Security benefits. c.) If a taxpayer's only source of income is $10,000 of Social Security benefits, then 50% of the benefits are taxable. d.) If a taxpayer's only source of income is $10,000 of Social Security benefits, then 85% of the benefits are taxable. 30. Under the Tax Cut and Jobs Act, what is the amount of income that can be claimed as a personal exemption from taxation for each qualifying taxpayer and dependent? Assume all taxpayers are sighted and under age 65. a.) 12,950 b.) Zero c.) 6,000 d.) 1,400

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