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Ron and Gayle, both over 65 years of age, have the following sources of income: Consulting income $39100 Interest income 4400 Tax-exempt interest 4940 Social

Ron and Gayle, both over 65 years of age, have the following sources of income:

Consulting income	$39100
Interest income	4400
Tax-exempt interest	4940
Social security benefits	13200

Ron and Gayle have itemized deductions of $16,000. How much of their social security benefit is taxable?

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