Question
Chuck has AGI of $70,000 and has made the following payments State income tax $1,900 Federal income tax $7,100 Social Security tax $4,800 State excise
Chuck has AGI of $70,000 and has made the following payments State income tax $1,900 Federal income tax $7,100 Social Security tax $4,800 State excise tax on liquor $ 400 Real estate tax $ 790 Calculate the amount of taxes that Chuck can deduct on his itemized deductions:
A. $1,900 B. $2,690 C. $3,090 D. $9,000 E. $13,800
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
