Dave and his spouse, Stefanie, (both over 65) are filing a joint return for 2022. They have an adjusted gross income (AG
Posted: Wed Jul 06, 2022 6:22 am
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
A. $0 B. $1,000 C. $1,500 D. $2,550