Examlex
Lisa's lack of formal charges is indicative of:
Provisional Income
It's the total income a person has, including tax-exempt interest and half of their Social Security benefits, used to determine the taxability of Social Security benefits.
Social Security Benefits
Payments made to eligible individuals from the government, intended to support retirees, disabled persons, and survivors of deceased workers.
Taxability
The condition of being subject to taxes; applicable to income, goods, services, and transactions that can be taxed.
NonTaxable Income
Income that is not subject to taxation by the IRS or state tax authorities; examples include certain gifts, inheritances, and some types of insurance payouts.
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