During the 2014 tax year, Thomas and Yolanda received $24,000 in Social Security benefits. The amount of their adjusted gross income for the year was $2,000 and they received no tax-exempt interest income.

Calculate the amount of the Social Security benefits that Thomas and Yolanda must include in their gross income for 2014.

Question

During the 2014 tax year, Thomas and Yolanda received $24,000 in Social Security benefits. The amount of their adjusted gross income for the year was $2,000 and they received no tax-exempt interest income.
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Calculate the amount of the Social Security benefits that Thomas and Yolanda must include in their gross income for 2014.

Quizplus · Accepted Answer

The Answer of During the 2014 tax year, Thomas and Yolanda received $24,000 in Social Security benefits. The amount of their adjusted gross income for the year was $2,000 and they received no tax-exempt interest income.
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Calculate the amount of the Social Security benefits that Thomas and Yolanda must include in their gross income for 2014.

During the 2014 Tax Year, Thomas and Yolanda Received $24,000