Janyce, a single taxpayer, has AGI of $125,000 and paid the following taxes this year. Calculate how
Question:
Janyce, a single taxpayer, has AGI of $125,000 and paid the following taxes this year. Calculate how much Janyce can deduct for taxes as an itemized deduction this year.
State income tax withholding.....................$7, 200
State income tax estimated payments............600
State income tax refund
(applied to this year’s tax).................................800
State automobile tax (based on
car’s value).......................................................1,900
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Related Book For
Essentials Of Federal Taxation 2019
ISBN: 9781260190045
10th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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