Mr. and Mrs. Clark are both 72 years of age, married, ﬁling jointly. They received social security beneﬁts of $7,500 each. Additional income is a taxable pension of $12,000 for Mr. Clark and $6,000 for Mrs. Clark. What is the taxable portion of the social security beneﬁts received by the Clarks?

Question

Quizplus · Accepted Answer

The Clarks' modiﬁed AGI is $18,000 plus one-half of their social security beneﬁts, $7,500. This total is less than the initial threshold amount. Therefore, none of their social security beneﬁts is taxable

Mr and Mrs