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Joe and Kate are married and file a joint tax return. They have $12,000 of...

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Accounting

Joe and Kate are married and file a joint tax return. They have $12,000 of dividend income, $6,000 of taxable interest income, $19,000 of tax exempt interest income, and have received $25,000 of gifts from their children. They also receive $18,000 of Social Security benefits. How much of the Social Security will be taxable?

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