Jack and June are retired and receive $10,000 of social securitybenefits and taxable pensions totaling $25,000. They have beenoffered $20,000 for an automobile that they restored after theyretired. They did most of the restoration work themselves and thesale will result in a gain of $12,000. What tax issues should Jackand June consider?
I need an original answer and not a copy and paste
