Mr. and Mrs. Birch are both over 65 years of age and are ﬁling a joint return. Their income for 2012 consisted of the following: They did not have any adjustments to income. What amount of Mr. and Mrs. Birch's social security beneﬁts is taxable?

Question

Mr. and Mrs. Birch are both over 65 years of age and are ﬁling a joint return. Their income for 2012 consisted of the following:  They did not have any adjustments to income. What amount of Mr. and Mrs. Birch's social security beneﬁts is taxable?

Quizplus · Accepted Answer

Mr. and Mrs. Birch must include $4,250 in their taxable income
 (Computation: $6,000 + $8,000 + $7,500
+ $4,000 + $15,000 = $40,500. Subtract $40,500 - $32,000 = $8,500/2 = $4,250.)

Mr and Mrs