Question: Social Security Benefits ( LO 2 . 1 6 ) During the 2 0 2 3 tax year, Dalano, a single taxpayer, received $ 7
Social Security Benefits LO During the tax year, Dalano, a single taxpayer, received $ in Social Security benefits. Their adjusted gross income for the year was $not including the Social Security benefits and they received $ in taxexempt interest income and has no AGI deductions. Complete the worksheet below to calculate the amount of the Social Security benefits that Dalano must include in his gross income for If an amount is zero, enter SIMPLIFIED TAXABLE SOCIAL SECURITY WORKSHEET FOR MOST PEOPLE Description Amount Enter the total amount of Social Security income. $fill in the blank Enter onehalf of line fill in the blank Enter the total of taxable income items on Form except Social Security income. fill in the blank Enter the amount of taxexempt interest income. fill in the blank Add lines and fill in the blank Enter all adjustments for AGI except for student loan interest deduction. fill in the blank Subtract line from line If zero or less, stop here, none of the social security benefits are taxable. fill in the blank Enter $$ if married filing jointly; $ if married filing separately and living with spouse at any time during the year fill in the blank Subtract line from line If zero or less, enter fill in the blank Note: If line is zero or less, stop here; none of your benefits are taxable. Otherwise, go on to line Enter $$ if married filing jointly; $ if married filing separately and living with spouse at any time during the year fill in the blank Subtract line from line If zero or less, enter fill in the blank Enter the smaller of line or line fill in the blank Enter onehalf of line fill in the blank Enter the smaller of line or line fill in the blank Multiply line by If line is zero, enter fill in the blank Add lines and fill in the blank Multiply line by fill in the blank Taxable benefits. Enter the smaller of line or line
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