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Mama L [17]
3 years ago
6

Don (67) and Carol (66) are married and file a joint return. Their gross income (including 1/2 of their social security) for 201

8 was $43,860. Up to ___ of their social security benefits may be taxable.
a. 100%
b. 85%
c. 50%
d. 0%
Business
1 answer:
grigory [225]3 years ago
7 0

Answer:

c. 50%

Explanation:

According to the Internal revenue service, if the joint return is filled with the income below $32,000 then no tax liability would arise

But if the income lies in between $32,000 to $44,000, 50% of the benefits is taxable and if the income exceeds to $44,000, 85% of the benefits are taxable  

Since in the question, the combined income is $43,860 that is below $44,000 so only 50% of heir social security benefits are taxable

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Hello,

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If you need anymore help feel free to ask me!

Hope this helps!
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