In addition to Social Security benefits of $10,000, Mr. and Mrs. Miller have adjusted gross...
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Accounting
In addition to Social Security benefits of $10,000, Mr. and Mrs. Miller have adjusted gross income of $30,000 and tax-exempt interest of $2,000. They will file a joint return. The taxable portion of their Social Security benefits will be
A) $0.
B) $2,500.
C) $4,000.
D) $8,000.
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