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Chandler and Monica, a married couple who file jointly, have adjusted gross income (before social...

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Accounting

Chandler and Monica, a married couple who file jointly, have adjusted gross income (before social security benefits) of $42,500, no tax-exempt interest, no foreign earned income, and have received $15,000 of Social Security benefits during 2016. What amount, if any, of the Social Security benefits are taxable for 2016?

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