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Tom and Sandy retired and received a pension of $50,000 along with social security of $26,000 for 2019. Calculate the amount of social security that
Tom and Sandy retired and received a pension of $50,000 along with social security of $26,000 for 2019. Calculate the amount of social security that they need to include in gross income for 2019. Also calculate their taxable income and tax for 2019. Assume they are both 66 years old and file Married Jointly. Show all work.
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