Check Your Knowledge
Question 1 of 1
Hank comes to your site to get some help with his tax return. He is upset because his neighbor told him that he would have to pay tax on all of his social security benefits this year. After talking to Hank, you learn that his wife died several years ago.
In 2011, he sold all of his stock and moved into senior housing. Hank received $31,896 of taxable income from the sale of the stock. His neighbor told him, with that much income, the entire $11,724 of his social security benefits would be taxable.
What is the maximum taxable amount of Hank's benefits?