Amount to be included as taxable income

Assignment Help Taxation

Reference no: EM131810449

George and Weezy received $31,500 of Social Security benefits this year ($12,200 for George; $19,300 for Weezy).

They also received $5,400 of interest from jointly owned City of Ranburne Bonds and dividend income.

What amount of the Social Security benefits must George and Weezy include in their gross income under the following independent situations? (Do not round intermediate calculations.

Round your final answers to the nearest whole dollar amount.)

George and Weezy file married joint and receive $34,600 of dividend income from stocks owned by George.

Amount to be included as taxable income___________.

Reference no: EM131810449

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