Julio and Rosetta are retired and receive $12,000 in Social Security benefits during the current year. They

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Julio and Rosetta are retired and receive $12,000 in Social Security benefits during the current year. They also receive $10,000 in interest and taxable pension payments of $30,000. Prepare a spreadsheet calculating the amount of Social Security income that is included in their gross income and their adjusted gross income. The spreadsheet should be able to handle changes in their marital status (e.g., if Julio dies) or their income.

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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