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Tom and Sandy retired and received a pension of $45,000 along with social security of $17,000 for 2020. Calculate the amount of social security that
Tom and Sandy retired and received a pension of $45,000 along with social security of $17,000 for
2020. Calculate the amount of social security that they need to include in gross income for 2020.
Also calculate their taxable income and tax for 2020. Assume they are both 68 years old and file
Married Jointly. Show all work.
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