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What is their taxable income

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Question - George and Weezy received $30,200 of Social Security benefits this year ($12,000 for George; $18,200 for Weezy). George also received $5,000 from WalMart where he works a greeter. What amount of the Social Security benefits must George and Weezy include in their gross income if:

i. George and Weezy file married joint and receive $30,000 of dividend income from stocks owned by George?

ii. What is their taxable income if George is age 66 and Weezy is age 64?

Reference no: EM132818201

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