Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Amanda's AGI for 2021 was $138,000 (MFJ), and she reported $34,000 of itemized deductions. In 2021 , Amanda paid $20,000 for her state and local

image text in transcribed

Amanda's AGI for 2021 was $138,000 (MFJ), and she reported $34,000 of itemized deductions. In 2021 , Amanda paid $20,000 for her state and local taxes. filing her 2021 state income tax return in early 2022 , Amanda received a state income tax refund of $1,250. How much should Amanda and Ann include in their 2022 gross income, respectively? Amanda =$0;Ann=$4,600 Amanda =$0; Ann =$0 Amanda =$6,850;Ann=$2,400 Amanda =$1,250;Ann=$0 Amanda =$1,250;Ann=$4,600 Amanda's AGI for 2021 was $138,000 (MFJ), and she reported $34,000 of itemized deductions. In 2021 , Amanda paid $20,000 for her state and local taxes. filing her 2021 state income tax return in early 2022 , Amanda received a state income tax refund of $1,250. How much should Amanda and Ann include in their 2022 gross income, respectively? Amanda =$0;Ann=$4,600 Amanda =$0; Ann =$0 Amanda =$6,850;Ann=$2,400 Amanda =$1,250;Ann=$0 Amanda =$1,250;Ann=$4,600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Making Sense Of The Financial Statements Understanding Analysis And Interpretation

Authors: Mr Godwin Akasie

1st Edition

1475292279, 978-1475292275

More Books

Students also viewed these Accounting questions

Question

Contact is an overused word.

Answered: 1 week ago

Question

List out some inventory management techniques.

Answered: 1 week ago