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Section C (4 Mark)In addition to social security benefits of $6,000, Mr.

Section C (4 Mark)

In addition to social security benefits of $6,000, Mr. and Mrs. Lopez have adjusted gross income of $36,000, tax-exempt interest of $1,000 and will file a joint return.

Determine the taxable portion of their social security benefits.

A.

$3,000

B.

$4,500

C.

$4,000

D.

$7,000

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