1. how can individuals estimate their social security benefits?\n a. by reviewing their medicare…

1. how can individuals estimate their social security benefits?\n a. by reviewing their medicare statements\n b. by calculating the total taxes theyve paid\n c. by multiplying their salary by their age\n d. by using online tools provided by the social security administration\n\n2. a homeowner has a gross income of $80,000 and receives a $10,000 tax deduction. what is their taxable income?\n a. $60,000\n b. $90,000\n c. $70,000\n d. $80,000

1. how can individuals estimate their social security benefits?\n a. by reviewing their medicare statements\n b. by calculating the total taxes theyve paid\n c. by multiplying their salary by their age\n d. by using online tools provided by the social security administration\n\n2. a homeowner has a gross income of $80,000 and receives a $10,000 tax deduction. what is their taxable income?\n a. $60,000\n b. $90,000\n c. $70,000\n d. $80,000

Answer

Explanation:

Step1: Answer question 1

Medicare statements are for Medicare - related info, not Social - Security benefits. Calculating total taxes paid doesn't estimate Social - Security benefits. Multiplying salary by age is an incorrect method. Online tools by Social Security Administration are used for estimating benefits.

Step2: Answer question 2

Taxable income is calculated by subtracting tax deductions from gross income. Given gross income of $80,000 and tax deduction of $10,000, the calculation is $80000 - 10000$.

Answer:

  1. d. By using online tools provided by the Social Security Administration
  2. c. $70,000