Question

In 2020, Maria, single, received municipal bond interest of $10,000, California state disability insurance (CA SDI,...

In 2020, Maria, single, received municipal bond interest of $10,000, California

state disability insurance (CA SDI, not a replacement for unemployment

compensation) of $5,000, Workers' Compensation of $15,000 and Social

Security benefits of $10,000. Maria has no adjustments. What amount of

Maria’ SS benefits are included in gross income?

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Answer #1

Answer:

Given data:

  • Maria,received municipal bond interest of $10,000, California
  • state disability insurance = $5,000
  • Workers' Compensation = $15,000
  • Social Security benefits = $10,000.

Calculation of amount of Maria’ SS benefits are included in gross income:

Particulars Amount Amount
Worker compensation $ 15,000
Social security benefits

= $ 10,000 * 50%

= $ 10,000 * 0.5

= $ 5,000

 $ 5,000

Total:

Amount added to the gross income

$ 15,000 + $ 5,000

= $ 20,000

 $ 20,000

Note :

Municipal bond interest of $10,000 and state disability insurance of $ 5,000 is under exemption not to be included in the gross income.

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