How much of the social security is subject to tax

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Question: Wilma and Fred are married and file a joint return. They have $25,000 of adjusted gross income, excluding social security, and have a large portfolio of tax-exempt bonds which created $68,000 of tax exempt income. They received $30,000 of social security benefits during the year. How much of the social security is subject to tax?

Reference no: EM133372470

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