Ron is planning to retire in a few years and has come to you for advice on whether he will have to pay taxes on the amount he receives as part of Social Security. What do you tell Ron? Question 2 options: a) Social Security payments are not subject to the income tax. b) It depends on your age, with 50% of your Social Security payments taxable before age 70 but none after you reach that age. c) It depends on your age, with 50% of your Social Security payments taxable before age 70 and 25% after you reach that age. d) It depends on your total gross income for the year you receive Social Security benefits

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