The amount of Social Security benefits received by an individual that he or she must include in gross income:?

Is dependent upon the individual’s contributions to the Social Security program.


May not exceed 50% of the Social Security benefits received because the employee paid one-half of the cost


May be as much as 85% of the Social Security benefits received


Is $0, because Social Security benefits are exempt from Federal income tax





None of the above.

The amount of Social Security benefits received by an individual that he or she must include in gross income:?
Since I can see that you are asking a lot of questions on here about taxes I wonder are you having us do your homework for you?? Maybe you should study up on this......there is probally a test on it and oh yea you will need this stuff when you are older you know you have to file taxes!
Reply:none of above
Reply:It is dependant upon what the total income is. Just came back from applying for Social Security.
Reply:Soc sec. is exempt.
Reply:if you make more than 32,000 you have to pay income tax on 50% of your social security. If you make over 40.000 you pay income tax on all of it.
Reply:By the time I have to worry about your question Social Security will be sending me I.O.U's. Hopefully I will be able to use them as a tax deduction to at least purchase my adult diapers, prune juice, and occasional bingo nights.
Reply:maybe





http://www.fool.com/taxes/2002/taxes0203...
Reply:SOCIAL SECURITY BENEFITS ARE NON TAXABLE BY EITHER FEDERAL OR STATE GOVERNMENTAL TAXING AGENCIES. IF YOU WORK WHILE RECIEVING SOC SEC BENEFITS, THIS TAXABLE INCOME MAY AFFECT YOUR SOC SEC BENEFITS, THAT IS , THE AMOUNT THAT YOU ACTUALLY RECIEVE. YOU SHOULD FILE A TAX RETURN IF YOU HAVE ANY TAXABLE INCOME, SINCE THIS HAS BEEN REPORTED TO THE IRS - AND IT WOULD BEHOOVE YOU TO GET A REFFUND ON THE TAXES YOU PAID. JOANN CPA
Reply:Is $0, because Social Security benefits are exempt from Federal income tax.





The reason SS benefits are exempt is that they were already taken out of your paycheck. Social Security is a form of a tax refund for retired and disabled people.
Reply:http://www.ssa.gov/SSA_Home.html %26lt;%26lt;ThAt site will explain anything you want to know about Social Security
Reply:The amount that is included in your income depends on your gross income. If it exceeds a certain amount then a percentage of the total social security is taxable. If it is below a certain amount then none of it is taxable. But when you are filing taxes you must report whatever amount of social security you recieve and the tax professional will figure out whatever amount is taxable and what is not......
Reply:I get what they call SSI Social Security Income And if this is what your talking about I can tell you all about it monthly income is around $600.00 to live on and you are not aloud no more then $2000.00 in the bank in savings or the gov cuts off your monthly cheek for me I wish I could work and be able to put money away in the bank more than aloud

teething