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Social Security Taxability Betty is 70 years old and single Receives $2,000 per month...

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Accounting

Social Security Taxability

Betty is 70 years old and single

Receives $2,000 per month in Social Security income as her only income except for limited funds in a traditional IRA

A) Betty has asked you to determine how much per year she can withdraw from her IRA, without causing her social security income to become taxable

B) How much can Betty withdraw per year from her IRA without taxing social security, if Betty has $3,000 per month in Social Security income?

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