Multiple Choice
In addition to Social Security benefits of $8,000,Mr.and Mrs.Wells have adjusted gross income of $32,000 and tax-exempt interest of $1,000.They will file a joint return.The taxable portion of their Social Security benefits will be
A) $0.
B) $2,500.
C) $4,000.
D) $8,000.
Correct Answer:
Verified
Correct Answer:
Verified
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