86 - Provisional income is Adjusted Gross Income plus...

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Under what circumstances are social security benefits taxable to a single taxpayer? Answer: If the “provisional income” of a single taxpayer exceeds $25,000, then a portion of the Social Security benefits received will be taxable.
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Unformatted text preview: Provisional income is Adjusted Gross Income plus certain tax-exempt interest plus half of the Social Security benefits received (some other items are also added, but they are less common)....
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This note was uploaded on 09/16/2011 for the course ACCT 145 taught by Professor Eric during the Spring '11 term at Palm Beach Community College.

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