Which of the following statements about taxation of Social Security re

Which of the following statements about taxation of Social Security retirement benefits under federal law is (are) true?

I. Social Security retirement benefits are never considered taxable income.
II. Up to 85 percent of Social Security retirement benefits may be considered taxable income, depending on the amount of other income received by the beneficiary.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: B