Question: Problem 5 - 5 7 Part a ( Algo ) a . George and Wanda file married joint and receive $ 8 , 8 5

Problem

5 - 57

Part a

(

Algo

)

.

George and Wanda file married joint and receive $

8, 850

of dividend income from stocks owned by George.

Amount to be included in gross incomeGeorge and Wanda received $

29, 300

of Social Security benefits this year

(

11, 100

for George; $

18, 200

for Wanda

) .

They also received $

4, 850

of interest from jointly owned City of Ranburne Bonds and dividend income.

What amount of the Social Security benefits must George and Wanda include in their gross income under the following independent situations?

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.

Problem

5 - 57

Part a

(

Algo

)

.

George and Wanda file married joint and receive $

8, 850

of dividend income from stocks owned by George.

Problem 5-57 Part a (Algo) a. George and Wanda file married

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