Debbie is age 67 and unmarried and her only sources of income are $200,000 in taxable interest and $20,000 of Social Security benefits.Debbie's adjusted gross income for the year is:
A)$220,000.
B)$217,000.
C)$203,000.
D)$200,000.
E)None of the above.

Question

Quizplus · Accepted Answer

Debbie's adjusted gross income (AGI) includes her taxable interest of $200,000 and 85% of her Social Security benefits, which is $17,000 (85% of $20,000), totaling $217,000.

Debbie Is Age 67 and Unmarried and Her Only Sources