How much of their social security benefit is taxable, Taxation

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How much of their social security benefit is taxable

Problem

Ron and Gayle, both over 65 years of age, have the following sources of income:

Consulting income $39000
Interest income 4600
Tax-exempt interest 4900
Social security benefits 12200

Ron and Gayle have itemized deductions of $16,000.

How much of their social security benefit is taxable?

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Taxation: How much of their social security benefit is taxable

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Taxation: How much of their social security benefit is taxable

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