Multiple Choice
Marvin and Stacy are retired. During the current year, they receive $10,000 in Social Security benefits. They have $45,000 of other taxable gross income and receive $23,000 of municipal bond interest. The taxable portion of the $10,000 Social Security payment is:
A) $-0-
B) $5,000
C) $8,500
D) $10,000
Correct Answer:
Verified
Correct Answer:
Verified
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