In 2018, Max is 85 years of age and single. He received Social Security payments totaling $14,000 (this includes Medicare premium of $600), dividend and interest income of $21,000, a pension of $30,000 and a taxable IRA benefits of $16,000. What is Max's adjusted gross income for 2018? What is his taxable income? What is his tax owed?

Answer rating: 100% (QA)

TOTAL INCOME 21000140003000065000 GROSS INCOME65000 DEDUCTI... View the full answer