Which of the statements is true regarding the taxation

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Problem - Which of the following statements is true regarding the taxation of Social Security benefits?

a. 85% is the maximum amount of taxable Social Security benefits.

b. 50% is the maximum amount of taxable Social Security benefits.

c. If a taxpayer's only source of income is $10,000 of Social Security benefits, then 50% of the benefits are taxable.

d. If a taxpayer's only source of income is $10,000 of Social Security benefits, then 85% of the benefits are taxable.

Reference no: EM132655474

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