LO 5.2 6. Laura is a single taxpayer living in New Jersey with adjusted gross income for

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LO 5.2 6. Laura is a single taxpayer living in New Jersey with adjusted gross income for the 2010 tax year of $35,550. Laura’s employer withheld $3,300 in state income tax from her salary.

In April of 2010, she pays $850 in additional state taxes for her prior year’s tax return. The real estate taxes on her home are $1,600 for 2010, and her personal property taxes, based on the value of the property, amount to $380. Also, she paid $75 for state gasoline taxes for the year. Complete the taxes section of Schedule A below to report Laura’s deduction assuming she elects to deduct state and local income taxes.

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Income Tax Fundamentals 2011

ISBN: 9780538469197

29th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller

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