1. Tyler and Candice are married and file a joint tax return. They have adjusted gross income...
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Question:
1. Tyler and Candice are married and file a joint tax return. They have adjusted gross income of $39,400 before considering their Social Security benefits, no tax-exempt interest, and $13,790 of Social Security benefits. As a result, $____ 13,790 of the Social Security benefits are taxable.
2. Assume Tyler and Candice have adjusted gross income of $89,500 before considering their Social Security benefits, no tax-exempt interest, and $13,425 of Social Security benefits. As a result, $____ of the Social Security benefits are taxable.
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