Question
Tala, who is married and filing joint return, received $30,000 interest and dividend income in 2019. She also received $10,000 interest from municipal bonds. Her
Tala, who is married and filing joint return, received $30,000 interest and dividend income in 2019. She also received $10,000 interest from municipal bonds. Her MAGI for 2019 is $58,000. How much of her social security benefit is taxable?
Naser and Suzan, who are married and file a joint return, have AGI for the current year (2019) of $42,000. In addition, they received tax-exempt interestincome of $6,000 and Social Security benefits of $15,000. The Social Security benefits to be excluded from Naser and Suzans taxable income for 2019 is:
A. | $15,000. | |
B. | $7,500. | |
C. | $2,250. | |
D. | $12,750.. | |
E. | some other amount. |
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