Bruce is single, retired, and received Social Security benefits of $18,000 this year (2016). His...
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Accounting
Bruce is single, retired, and received Social Security benefits of $18,000 this year (2016). His other income consists of $15,000 from his former employers pension plan; $10,000 in tax-exempt municipal bond interest; and $1,000 in dividends. How much of Bruces Social Security Benefit will be subject to income tax?
a. $0.
b. $5,350.
c. $9,000.
d. $15,300.
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