Merle is a widow, age 80 and blind, who is claimed as a dependent by her son.During 2012, she received $4,800 in Social Security benefits, $2,200 in bank interest, and $1,800 in cash dividends from stocks.Merle's taxable income is:
A)$4,000 - $950 - $2,900 = $150.
B)$4,000 - $2,900 = $1,100.
C)$4,000 - $950 - $1,450 = $1,600.
D)$8,800 - $950 - $2,900 = $4,950.
E)None of the above.

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The Answer of Merle is a widow, age 80 and blind, who is claimed as a dependent by her son.During 2012, she received $4,800 in Social Security benefits, $2,200 in bank interest, and $1,800 in cash dividends from stocks.Merle's taxable income is:
A)$4,000 - $950 - $2,900 = $150.
B)$4,000 - $2,900 = $1,100.
C)$4,000 - $950 - $1,450 = $1,600.
D)$8,800 - $950 - $2,900 = $4,950.
E)None of the above.

Merle Is a Widow, Age 80 and Blind, Who Is