solve this

D Inbox - palomoperla@gmail.c x Chapter 5 - SmartBook Quiz x [ff] Question Mode: Fillinthe Ble x EJ Dashboard x | + v Cc. 26 learning.mheducation.com/static/awd/index.html?_t=1745104268778#/ wx 5 We CP ) : Ba e@ All Bookmarks HHNNANUN0NU00U0NNNUNNGGGGO0000000000000000000000 212 concepts completed @ Fill in the Blank Question Mitchell and Midge are married and file a joint return. Mitchell receives $9,600 in Social Security each year. Their modified AGI is $48,000. $ (fd of the Social Security benefits is subject to taxation. The calculation is complex, to say the least. However, the taxability of Social Security benefits can be summarized as follows: Single taxpayers: 1. If modified AGI + 50 percent of Social Security benefits $34,000, taxable Social Security benefits are the lesser of (a) 85 percent of Social Security benefits or (b) 85 percent of (modified AGI + 50 percent of Social Security benefits - $34,000), plus the lesser of (i) $4,500 or (ii) 50 percent of Social Security benefits. Taxpayers filing married separate: Taxable Social Security benefits are the lesser of (a) 85 percent of the Social Security benefits or (b) 85 percent of the taxpayer's modified AGI + 50 percent of Social Security benefits. Taxpayers filing married joint: 1. If modified AGI + 50 percent of Social Security benefits $44,000, taxable Social Security benefits are the lesser of (a) 85 percent of Social Security benefits or (b) 85 percent of (modified AGI + 50 percent of Social Security benefits - $44,000), plus the lesser of (i) $6,000 or (ii) 50 percent of Social Security benefits. Rate your confidence to submit your answer. | | | | |