Solved: Municipal bond interest from city of waterville of 1000, Accounting Basics

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Municipal bond interest from city of waterville of 1000

Question - Mary and John Hedlon, ages 62 and 67, respectively are married and receive taxable retirement of 27,500, interest income from Key Bank of $ 780, Municipal Bond interest from City of Waterville of $ 1,000, and Social Security of $ 16,000. How much of their social security is taxable in 2014?

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Accounting Basics: Municipal bond interest from city of waterville of 1000

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