Accounting-ames Pabon, a single taxpayer, is retired and receives SOCIAL SECURITY

| January 30, 2017

Question

James Pabon, a single taxpayer, is retired and receives SOCIAL SECURITY BENFITS of $ 16,000 in the year, He had AGI of $ 47,000 ( not included SS) .

What amount must include of his SS benefits in the Form 1040 in income. In other wordsSS TAXABLE BENEFITS

USE THE SIMPLIFIED TAXABLE SOCIAL SECURITY WORKSHEET BELOW.

ITEMS

AMOUNTS

1. Enter the total amount of SS benefits

$

2. Enter one half of line 1

3. Enter the total of taxable income items except SS

4. Enter the tax exempt interest income

5. Add lines 2,3, and 4

6. Enter all adjustments of AGI

7. Subtract line 6 from line 5

8. Enter $25,000 ($ 32,000 if married filing joint)

9. Subtract line 8 from line 7

10. Enter $9,000 ( $12,000 if married filing joint)

11. Subtract line 10 from line 9

12. Enter the Smaller of line 9 or line 10

13. Enter one half of line 12

14. Enter the Smaller of line 2 or line 13

15. Multiply line 11 by 85 %

16. Ad lines 14 and 15

17. Multiply line 1 by 85 %

18. Taxable Benefits. Enter the smaller of line 16 or line 17

$

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