Tax Drill - Social Security Benefits

Determine the taxable amount of social security benefits for the following situations.

If an amount is zero, enter "$0".

a.Erwin and Eleanor are married and file a joint tax return. They have adjusted gross income of $36,000, no tax-exempt interest, and $12,400 of Social Security benefits. As a result, $........................of the Social Security benefits are taxable.

b.Assume Erwin and Eleanor have adjusted gross income of $85,000, no tax-exempt interest, and $15,000 of Social Security benefits. As a result, $.................................of the Social Security benefits are taxable.