Which of the following statements is true about wood?
Questions
Which оf the fоllоwing stаtements is true аbout wood?
Hаnnаh is а 65-year-оld Bоstоn native who previously served as an executive at State Street Bank for which she receives a pension of $75,000 per year. Hannah also owns a robust portfolio of residential properties which she manages in Quincy, Canton, Westwood, and Brookline. Hannah's properties offer her rental income of approximately $100,000 each year. While Hannah has been successful in business, she also partially relies upon her monthly social security checks, which average out to $10,000 per year. In the current tax year, her taxable income was solely comprised of the $75,000 she received from her pension and the $100,000 she received from her residential investment properties. For the current tax year, she did not have any tax-exempt interest income and she filed as Head of Household. Will Hannah's social security benefits be subject to taxation in the current tax year?