Exercise 4-26 (Algorithmic) (LO. 4) Determine the taxable amount of Social Security benefits for the following situation

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answerhappygod
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Exercise 4-26 (Algorithmic) (LO. 4) Determine the taxable amount of Social Security benefits for the following situation

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Exercise 4-26 (Algorithmic) (LO. 4) Determine the taxable amount
of Social Security benefits for the following situations. If
required, round your answers to the nearest dollar. If an amount is
zero, enter "0".
a. Tyler and Candice are married and file a joint tax return.
They have adjusted gross income of $42,800 before considering their
Social Security benefits, no tax-exempt interest, and $14,980 of
Social Security benefits. As a result, _______?______________of the
Social Security benefits are taxable.
b. Assume Tyler and Candice have adjusted gross income of
$18,000 before considering their Social Security benefits, no
tax-exempt interest, and $19,800 of Social Security benefits. As a
result, _______?________of the Social Security benefits are
taxable.
c. Assume Tyler and Candice have adjusted gross income of
$119,500 before considering their Social Security benefits, no
tax-exempt interest, and $17,925 of Social Security benefits. As a
result_______?__________of the Social Security benefits are
taxable.
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