Business, 06.05.2020 06:19 fatlenny

In regards to Social Security benefits:

a. Up to 100 percent of Social Security benefits received may be included in taxable income.
b. Social Security benefits are always excluded because wages are subject to Social Security tax when earned.
c. Tax-free interest income must be included in the formula used to determine if Social Security is included in taxable income.
d. The Social Security inclusion formula is the same amount for each filing status.

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In regards to Social Security benefits:

a. Up to 100 percent of Social Security benefit...