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During the current year, Seth, a self-employed individual, paid the following taxes: $15,000 $6,500 $700 Federal income tax State income tax Real estate taxes on
During the current year, Seth, a self-employed individual, paid the following taxes: $15,000 $6,500 $700 Federal income tax State income tax Real estate taxes on land in South America (held as an investment) State sales taxes Personal property taxes based upon value Federal self-employment tax 300 $1,600 $ 800 What amount can Seth claim as an itemized deduction for taxes paid during the current year? Oa. $10,000 Ob. $9.900 Oc. $8,800 Od. $9,100 Oe. None of these choices are correct
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