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- Assuming that Norma itemized deductions in 2019 (which totaled $27,700), how will the refund of 52,196 that she received in 2020 reated for Federal

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- Assuming that Norma itemized deductions in 2019 (which totaled $27,700), how will the refund of 52,196 that she received in 2020 reated for Federal income tax purposes Norma will include s as income in 2020. c. Assume that Norma itemized deductions in 2019 (which totaled $20,000) and that she elects to have the $2,196 rend her 2020 state income tax liability. How will the 52,196 be treated for Federal income tax purposes? pled toward Norma will include as income in 2020. d. Assuming that Norma did not itemize deductions in 2019, how will the refund of $2,196 received in 2020 be treated for Federal income tax purposes? Norma win includes as income in 2020. Previous L O SSIU Locator=assignment-takes inpro Problem 10-30 (Algorithmic) (LO.4) Norma, who is single and uses the cash method of counting, lives in a state that imposes an income tax. In April 2019, she flesher Income tax return for 2018 and pays an additional $1,220 in state income taxes. During 2019, her withholdings for state income tax purposes amount to 54,270, and she pays estimated state income tax of 5854. In April 2020, she file her state income tax return for 2019, claiming a refund of 52,196. Norma receives the refund in August 2020. Norma has no other state or local tax expense If an amount is zero, enter 0 a. Assuming that Norma itemized deductions in 2019, how much may she claim as a deduction for state income taxes on her Federal return for calendar year 2019 (filed April 202017 B. Assuming that Norma itemized deductions in 2019 (na fotled 22.700), how will the refund of $2.106 that she received in 2020 be treated for Federal income tax purposes? Nem will include as income in 2020 s u me that forma itemized deductions in 2019 which totaled $20,000 and that she lects to have the 12,106 ratune app her 2020 state income tax b y How We the $2,196 be treated for Federal income tax purposes No include income in 2020 auctions in 2014, www the reind of $2.196 cod in 2020 cuming that Iorma did not tax purposes M UILULUI-assignment-takeinpro Problem 10-30 (Algorithmic) (LO.4) Norma, who is single and uses the cash method of accounting, lives in a state that imposes an income tax. In April 2019, she fisher income tax return for 2018 and pays an additional $1,220 in state income taxes. During 2019, her withholdings for state income tax purposes amount to 270, and she pays estimated state income tax of 5854. In April 2020, she fesher state income tax return for 2019, claiming a refund or $2.196. Norma receives the refund in August 2020. Norma has no other state or local tax expenses If an amount is zero, enter"0. a. Assuming that Narma itemized deductions in 2019, how much may she claim as a deduction for state income taxes on her Federal return for calendar year 2019 (filed April 202017 - Assuming that Norma itemized deductions in 2019 (which totaled $27,700), how will the refund of 52,196 that she received in 2020 reated for Federal income tax purposes Norma will include s as income in 2020. c. Assume that Norma itemized deductions in 2019 (which totaled $20,000) and that she elects to have the $2,196 rend her 2020 state income tax liability. How will the 52,196 be treated for Federal income tax purposes? pled toward Norma will include as income in 2020. d. Assuming that Norma did not itemize deductions in 2019, how will the refund of $2,196 received in 2020 be treated for Federal income tax purposes? Norma win includes as income in 2020. Previous

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