Which of the following statements about taxation of Social Security retirement benefits under federal law is (are) true?
I. Social Security retirement benefits are never considered taxable income.
II. Up to 85 percent of Social Security retirement benefits may be considered taxable income, depending on the amount of other income received by the beneficiary.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
Business
You might also like to view...
__________________: Businesses, markets, industries in which organization competes, distribution of resources among them
Fill in the blank(s) with the appropriate word(s).
Business
The voters will (chose, choose) the members of the town (council, counsel) next Tuesday
What will be an ideal response?
Business