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16. Compute the amount a taxpayer can deduct for taxes perd on Schedule A, Itemized Deductions. - State income tax: $8,000 - Federal income tax:
16. Compute the amount a taxpayer can deduct for taxes perd on Schedule A, Itemized Deductions. - State income tax: $8,000 - Federal income tax: $12,000 - County real estate tax: $5,000 - Fee for a car inspection that is used only personally: $50 - Homeowners' association fees on a personal home: $500 - Self-employment tax: $1,000 A. $25,500 B. $21,000 C. $20,000 D. $10,000 16. Compute the amount a taxpayer can deduct for taxes perd on Schedule A, Itemized Deductions. - State income tax: $8,000 - Federal income tax: $12,000 - County real estate tax: $5,000 - Fee for a car inspection that is used only personally: $50 - Homeowners' association fees on a personal home: $500 - Self-employment tax: $1,000 A. $25,500 B. $21,000 C. $20,000 D. $10,000
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