Dave and his spouse, Stefanie, (both over 65) are filing a joint return for 2022. They have an adjusted gross income (AG

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Dave and his spouse, Stefanie, (both over 65) are filing a joint return for 2022. They have an adjusted gross income (AG

Post by answerhappygod »

Dave and his spouse, Stefanie, (both over 65) are filing a jointreturn for 2022. They have an adjusted gross income (AGI) of$28,000 (and no tax-exempt or foreign income) and receive combinedSocial Security benefits of $14,000. As a result, their combinedincome is $28,000 + $7,000 (half of Social Security benefits) =$35,000, which is $3,000 above the $32,000 threshold. Therefore,Dave and Stefanie’s AGI increases by what amount?
A. $0 B. $1,000 C. $1,500 D. $2,550
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”