Mr. Curtis paid the following taxes: Federal income tax ...................................... $50,789 Federal gift tax ............................................... 285 Federal
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Federal income tax ...................................... $50,789
Federal gift tax ............................................... 285
Federal employer payroll tax for housekeeper ........... 920
Indiana income tax ......................................... 3,710
Indiana sales tax on consumer goods and services .... 2,040
Local property tax on:
Principal residence ......................................... 4,800
Vacation home .............................................. 1,800
Two automobiles ............................................. 900
To what extent (if any) can Mr. Curtis deduct each of these payments?
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Related Book For
Principles Of Taxation For Business And Investment Planning 2018
ISBN: 9781259713729
21st Edition
Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan
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