Mathematics, 16.10.2020 07:01 AngelOfLove
The amount of Social Security benefits received by an individual that he or she must include in gross income:
a. May not exceed the portion contributed by the employer.
b. May be zero or as much as 85% of the Social Security benefits received, depending upon the taxpayer's Social Security benefits and other income.
c. May not exceed 50% of the Social Security benefits received.
d. Is computed in the same manner as an annuity [exclusion = (cost/expected return) × amount received].
e. None of these choices are correct.
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