Question: Required information [The following information applies to the questions displayed below.] George and Wanda received $30,500 of Social Security benefits this year ($11,700 for
Required information [The following information applies to the questions displayed below.] George and Wanda received $30,500 of Social Security benefits this year ($11,700 for George; $18,800 for Wanda). They also received $5,150 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. c. George and Wanda file married joint and receive $33,600 of dividend income from stocks owned by George. Amount to be included in gross income $ 10,038
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