The taxable portion of Social Security benefits may be affected by:
A)The taxpayer's itemized deductions.
B)The individual's tax-exempt interest income.
C)The number of quarters the individual worked.
D)The individual's standard deduction.
E)None of these.

Question

Quizplus · Accepted Answer

The taxable portion of Social Security benefits can be affected by the individual's tax-exempt interest income because it is included in the calculation of combined income, which determines how much of the Social Security benefits are taxable.

The Taxable Portion of Social Security Benefits May Be Affected