Each of the following taxpayers received a state income tax refund in 2021. In all cases, the

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Each of the following taxpayers received a state income tax refund in 2021. In all cases, the taxpayer has a filing status of married filing jointly. What amount of the refund is properly included in 2021 income?

a. Refund of $729; taxpayer did not itemize deductions in 2020.

b. Refund of $591; taxpayer had $25,391 of itemized deductions in 2020.

c. Refund of $927; taxpayer had itemized deductions of $25,100 in 2020.

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Fundamentals Of Taxation 2022

ISBN: 9781264209408

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Authors: Ana Cruz, Michael Deschamps, Frederick Niswander

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Question Posted: Apr 18, 2023 04:10 AM

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Each of the following taxpayers received a state income tax refund in 2021. In all cases, the

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a None of the refund is taxable b The entire 591 refund is taxable c The ...View the full answer

Fundamentals Of Taxation 2022

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