Question

The percentage that is not used to include social security benefits in gross income is:

a) 0%

b) up to 50%

c) up to 85%

d) 100%

Answer 1

Answer:

Correct answer is:

d) 100%

Explanation:

If taxpayer's other income plus half social security benefits is not above $32,000 ($25,000 for single taxpayers), then percentage of social security benefits included in gross income is 0%

If taxpayer's other income plus half social security benefits exceeds $32,000 but is not more than $44,000 then percentage of social security benefits that can be included in gross income is up to 50%  

If taxpayer's other income plus half social security benefits exceeds $44,000 ($34,000 for single taxpayers) then percentage of social security benefits included in gross income is up to 85%.

Thus option is D is correct answer and other option A, B and C are incorrect.