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Please read the description and answer the following answers! Thank you! Harvey is single, age 63, and has no dependents. Harvey received the following income
Please read the description and answer the following answers! Thank you!
Harvey is single, age 63, and has no dependents. Harvey received the following income during 2017 and has no adjustments to income: Wages from a part-time job Taxable interest income Tax exempt interest income Social security benefits $22,000 $ 1,000 $ 500 $12,000 Required: Complete the attached Social Security Worksheet and answer the following questions: 1. What amount, if any, is Harvey's social security benefits ($12,000) taxable? (8pts) 2. What is the amount of Harvey's adjusted gross income (after computing any taxable portion of social security)? (6pts) 3. What is the amount of Harvey's taxable income? (6pts)
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