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- Sally is 92 years old and single and claimed by her daughter as a dependent. During the tax year she received $1,900 in interest
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Sally is 92 years old and single and claimed by her daughter as a dependent. During the tax year she received $1,900 in interest from her savings account, $1,500 in interest from State of New York general obligation bonds, and $8,000 distributions from a Roth IRA. What is her AGI?
~$1,500
~$1,900
~$3,400
~$11,400
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Jane and John, a married couple, have combined wages of $36,000 and receive combined Social Security benefits of $12,000. How much of their social security benefits is taxable?
~$6,000
~$5,000
~$0
~$10,200
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