Mr & Mrs Tsayong Are Both Over 66 Years of Age and Age

question 117

Multiple Choice

Mr. & Mrs. Tsayong are both over 66 years of age and are filing a joint return. Their income this year consisted of the following: $$\begin{array} { | l | r | } \hline \text { Taxable interest income } & \$ 10,000 \\\hline \text { Taxable pension } & 16,000 \\\hline \text { Total Social Security benefits } & 20,000 \\\hline \text { Tax-exempt interest } & 5,000 \\\hline\end{array}$$ They did not have any adjustments to income. What amount of Mr. & Mrs. Tsayongs Social Security benefits is taxable this year?

• A) $0
• B) $4,500
• C) $10,000
• D) $20,000

---

Definitions:

Subsidiary Human Capital

The skills, knowledge, and experience possessed by employees of a subsidiary, which contribute to its value and performance.

Local Human Capital

Local human capital refers to the collective skills, knowledge, and experience possessed by individuals within a specific geographic area, contributing to the economic productivity of that region.

Company Specificity

Company specificity relates to the unique attributes, practices, or resources that are particular to a specific company, distinguishing it from its competitors.

Local Human Capital

The collective skills, knowledge, and experience possessed by an area's population, contributing to its economic productivity.