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Maxine Gray is single and over 65 years old. She received the following in 2020: Interest...

Maxine Gray is single and over 65 years old. She received the following in 2020:

Interest from certificates of deposit $ 6,000

Tax-exempt interest 9,000

Taxable dividends 8,000

Taxable pension 20,000
Social Security benefits 14,000

Required: Determine the taxable amount of Ms. Gray’s Social Security benefits. You must show all supporting computations to earn full credit.

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