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Which of the following is true regarding Social Security benefits? a. Tax-exempt interest income must be included in the formula used to determine if Social
Which of the following is true regarding Social Security benefits?
a. Tax-exempt interest income must be included in the formula used to determine if Social Security is included in taxable income.
b. Up to 100 percent of Social Security benefits received may be included in taxable income.
c. The Social Security inclusion formula is the same amount for each filing status.
d. Social Security benefits are always excluded because wages are subject to Social Security tax when earned.
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