Matt and Becky are both 66 years of age. Matt still works and earned $38,000 last year. Matt and Bec
Matt and Becky are both 66 years of age. Matt still works and earned $38,000 last year. Matt and Becky also have the following income:
Interest income $2,000
Dividends 3,400
Tax exempt interest 2,700
Social security benefits 13,800
Determine their taxable income and tax liability.