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25 July, 06:46

During the year, Gwen (69), received $22,000 in social security benefits. Her only other income consisted of $5,000 in wages from a part-time job and a pension distribution of $7,500. How much of Gwen's social security benefits are taxable?

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  1. 25 July, 07:02
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    Gwen's social security benefits are not taxable.

    Explanation:

    Social security benefits are taxable when the all other income plus 50% of the social security benefit exceeds $25,000

    Total income of Gwen is Wages of Part-time job $5,000 plus 50% of social security benefits and pension comes to $23,500.

    Therefore, Gwen's social security benefits are not taxable.
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