Ted (69) and Sharon (67) are married and will file a joint return. During the year, Ted received $9,000 in social security benef

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Ted (69) and Sharon (67) are married and will file a joint return. During the year, Ted received $9,000 in social security benef

its, and Sharon received $28,000 in benefits. In addition, the couple earned $2,000 in interest income, and Ted, a retired military officer, received pension benefits totaling $73,000. How much, if any, of the couple's social security benefits are taxable

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1 answer:

zlopas [31] · Answer 1 · 2023-03-30T07:25:47+03:00

85% of this couples social security benefits are taxable.

The reason for this answer is the fact that both the husband and the wife have a joint income that is more than $44000.

The citizens of the United States may have to pay federal taxes on what they earn as social security benefits.

If the amount that is earned is higher than 34000 dollars then 85% of these benefits may be liable to taxes.

This couple receive joint benefits that are up to the 85% tax range. Therefore they would be taxed more than 85%