Question
Tax Acc ch 5 George and Weezy received $31,900 of Social Security benefits this year ($12,400 for George; $19,500 for Weezy). They also received $5,500
Tax Acc ch 5
George and Weezy received $31,900 of Social Security benefits this year ($12,400 for George; $19,500 for Weezy). They also received $5,500 of interest from jointly owned City of Ranburne Bonds and dividend income. What amount of the Social Security benefits must George and Weezy include in their gross income under the following independent situations? (Leave no answer blank. Enter zero if applicable. Round your final answer to the nearest whole dollar.)
a. George and Weezy file married joint and receive $10,150 of dividend income from stocks owned by George.
b. George and Weezy file married separate and receive $10,150 of dividend income from stocks owned by George.
c. George and Weezy file married joint and receive $35,000 of dividend income from stocks owned by George.
d. George and Weezy file married joint and receive $17,500 of dividend income from stocks owned by George.
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