Reva is a single taxpayer with a taxable pension of $22,000, tax-exempt interest of $10,000, and Social Security benefits of $10,000. What is the amount of her taxable Social Security benefits?
A) $5,000
B) $8,500
C) $7,100
D) $10,000
Answer: C
Reva is a single taxpayer with a taxable pension of $22,000, tax-exempt interest of $10,000, and Social Security benefits of $10,000. What is the amount of her taxable Social Security benefits?
A) $5,000
B) $8,500
C) $7,100
D) $10,000
Answer: C