In 2012, Jake and Mary Jacobs, a married couple, have specially modiﬁed adjusted gross income of $25,000 and $10,000 in social security beneﬁts. If the Jacobs ﬁle a joint return, what portion of their social security beneﬁts are included in income for federal income tax purposes?

Question

Quizplus · Accepted Answer

$0. Modiﬁed AGI ($25,000) plus one-half social security beneﬁts ($5,000) is not in excess of the $32,000 base amount for a married couple ﬁling jointly.

In 2012, Jake and Mary Jacobs, a Married Couple, Have