Question: * * * * Emily and David are married, filing jointly. David is retired and receives Social Security benefits. They have no children. Their 2
Emily and David are married, filing jointly. David is retired and receives Social Security benefits. They have no children. Their tax information is as follows:
Wages: Emily $
Social Security Benefits: David $
Interest Income: $
Qualified Business Income QBI from Emily's freelance business: $
Itemized Deductions:
Medical Expenses: $
State and Local Taxes: $
Allowable deduction for selfemployment tax: $
Calculate Emily and David's:
Adjusted Gross Income AGI
Taxable Income Note: a portion of Social Security might be taxable
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