Bob is a single individual and received a salary of $27,000 before he retired in October of

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Bob is a single individual and received a salary of $27,000 before he retired in October of this year. After he retired, he received Social Security benefits of $3,000 during the year. 
a. What amount, if any, of the Social Security benefits are taxable for the year?
b. Would the answer be different if Bob also had $1,000 of tax exempt interest?
c. What if he had had $10,000 of tax exempt interest?
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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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