H is a single, retired worker with $45,000 annual taxable income.H will begin to receive social security benefits this year that will only amount to $5,000 per year.His social security benefits will

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Social security benefits can be taxed if a recipient's combined income (taxable income plus 50% of social security benefits) exceeds certain thresholds. For a single filer with a combined income between $25,000 and $34,000, up to 50% of social security benefits are taxable. For a combined income above $34,000, up to 85% of benefits are taxable. Since H's combined income with his social security benefits is $50,000, which is above the $34,000 threshold, it is likely that his benefits will be partially taxed.

H Is a Single, Retired Worker with $45,000 Annual Taxable