Question
Rachelle (68) and Camille (66) are married and file a joint return. Their gross income (including one-half of their social security) for 2022 was $48,650.
Rachelle (68) and Camille (66) are married and file a joint return. Their gross income (including one-half of their social security) for 2022 was $48,650. Up to what amount of their social security benefits may be taxable? 0%
50%
85%
100%
Which of the following taxpayers may potentially qualify for the Retirement Savings Contributions Credit (Saver's Credit)? (Assume that all are over the age of 18, not claimed as a dependent on another's return, and not a student.)
John and Angie are married and file a joint return. Their modified adjusted gross income is $52,762. Angie contributed to a Roth IRA.
LaMonte will use the single filing status. His modified adjusted gross income is $47,000. His employer made contributions on his behalf to a simplified employee pension (SEP) IRA.
Maureen will use the head of household filing status. Her modified adjusted gross income is $55,000. She contributed to a traditional IRA.
Vicky and Edmond are a married couple filing a joint return. Their modified adjusted gross income is $72,000. Vicky made voluntary contributions to her company's 401(k) plan.
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