Social security is the lesser of the two calculated amounts based on provisional income. If you have questions on how to do this consult IRS Publication $915.$Provisional Income$$ in this assignment equates to line $6$ of Worksheet $1$ in that publication.

$1.$ Kel and Mer $($MFJ$)$ have interest income of $$8,000,$ dividend income of $$1,500,$ net rental income of $$6,000,$ and tax$-$exempt interest income of $$16,000.$ They also received Social Security benefits of $$24,000.$ How much Social Security is taxable?

Provisional income

Amount $1$

Amount $2$

Taxable amount

$2.$ Benjamin and Chloe $($MFJ$)$ have pension income $($fully taxable$)$ of $$50,000$ and tax$-$exempt interest income of $$8,500.$ They also received $$36,000$ of Social Security benefits. How much Social Security is taxable?

Provisional income

Amount $1$

Amount $2$

Taxable amount

$3.$ Maak a single taxpayer, has taxable income of $$20,000$ and Social Security benefits of $$13,500.$ How much Social Security is taxable?

Provisional income

Amount $1$

Amount $2$

Taxable amount

$4.$ Jame and Sam $($MFJ$)$ have taxable income of $$16,000,$ tax$-$exempt interest income of $$24,000,$ and Social Security benefits of $$11,500.$ How much Social Security is taxable?

Provisional income

Amount $1$

Amount $2$

Taxable amount

$5.$ Jill, head of household, has taxable income of $$30,500$ and Social Security benefits of $$8,000.$ How much Social Security is taxable?

Provisional income

Amount $1$

Amount $2$

Taxable amount