Question

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25. Is Mark's Social Security income taxable?

a. Yes, a portion of the Social Security income is taxable

b. Yes, all of the Social Security income is taxable

c. No, because their total income is less than $32,000

26. The Matthews want to split their refund between savings and checking accounts. How is this accomplished, if possible?

a. Complete Form 8888, Allocation of Refund(Including Savings Bond Purchases)

b. Splitting a refund is not possible

c. This can only be accomplished if filing a paper return

d. The Matthews do not have an overpayment on their return

I would greatly appreciate if anyone could answer question 25. If possible, please also answer question 26. I would definitely write you a nice comment and give you an upvote if you could answer at least one question of this problem. Thank you!

Answer 1

25.
Answer is a. Yes, a portion of the Social Security income is taxable
Since Taxable income is more than $32000

Social security income is taxable as follows
up to 50 percent for income group $25,000 to $34,000 for an individual or $32,000 to $44,000 for a married couple filing jointly.

up to 85 percent for income group $34,000 (individual) or $44,000 for a married couple filing jointly.