Sam and sue are married and age 65 sam has a full time job

Assignment Help Accounting Basics

Reference no: EM13588931

Sam and Sue are married and age 65. Sam has a full time job that pays $80,000 and Sue's full time job pays $85,000. They have worked since age 16 and are planning on keeping their jobs and signing up for social security when they each reach age 66. An friend of the couple heard that social security benefits might be taxable and suggested that the couple file for divorce to get more money from social security and also avoid taxes on social security. The statement from social security indicated that Sam would receive $1,800 per month if he waits until full retirement. Sue can't find her letter, but over her working career, she made as much and sometimes more than Sam did. What is their best tax plaanning strategy?

Reference no: EM13588931

Questions Cloud

Jrry and sally divorced in agreement on july 1 2012 : jerry and sally divorced in agreement on july 1 2012. jerry agreed to transfer to sally his interest in a rental home

Monochromatic light falls on two very narrow slits 0053 mm : question monochromatic light falls on two very narrow slits 0.053 mm apart. successive fringes on a screen 5.60 m away

Juneau company issued 5-year 340000 face value bonds at 95 : juneau company issued 5-year 340000 face value bonds at 95 on january 1 2014. the stated interest rate on these bonds

What is the work done by the force you exert on the : question suppose you carry a bag of groceries weighing 151 n from your car to your kitchen a distance of 38 m without

Sam and sue are married and age 65 sam has a full time job : sam and sue are married and age 65. sam has a full time job that pays 80000 and sues full time job pays 85000. they

In 2010 there was the sale of bux land for 3000000 that : red sox company has the following sales of land and cash collections in 2010 there was the sale of bux land for 3000000

Project management exercise hello i had contact with you : hello ltbrgt i had contact with you yesterday ltbrgti want your help to solve all this questions in these paper.

Chapter 7 what overall net income would be produced if the : what overall net income would be produced if the admission rate of the capitated group were reduced from the commercial

Chapter 7 assume that half of the 100000 covered lives in : assume that half of the 100000 covered lives in the commercial payer group will be moved into a capitated plan. what

User Account

All Pages