George and Weezy received $29,100 of Social Security benefits this year ($11,000 for George: $18,100 for Weezy). They also received $4,800 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. Leave no answer blank. Enter zero if applicable.)
 

Required

1. George and Weezy file married separate and receive $8,750 of dividend income from stocks owned by George Amount to be included George and Weezy?

Amount for George is________, Amount for Weezy is_________.

2. George and Weezy file married joint and receive $32,200 of dividend income from stocks owned by George. Amount to be included as taxable income?

3. George and Weezy file married joint and receive $16,100 of dividend income from stocks owned by George. Amount to be included as taxable income?

Answer rating: 100% (QA)

1 If the married taxpayers are filing separate returns thenTaxable income is lower of a 85 Social Se... View the full answer