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 these.

Question

Quizplus · Accepted Answer

Debbie's adjusted gross income includes the 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