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Stuart Holman, age 77 received $55,000 in taxable pension plan and IRA benefits this year. His AGI is $60,000 before considering his Social Security benefits.
Stuart Holman, age 77 received $55,000 in taxable pension plan and IRA benefits this year. His AGI is $60,000 before considering his Social Security benefits. His Social Security benefit is $25,000 annually. What percentage of his Social Security benefit may be taxable to him?
A) 85%
B)
30%
C)
0%
D)
50%
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