Question
During the current year,Seth,a self-employed individual,paid the following taxes: Federal income tax$15,000 State income tax$8,500 Real estate tax on his home $4,000 State sales tax
During the current year,Seth,a self-employed individual,paid the following taxes:
Federal income tax$15,000
State income tax$8,500
Real estate tax on his home $4,000
State sales tax $300
Personal propertytax $1,600
Federal self-employment tax $800
What amount can Seth claim as anitemized deductionfor taxes paid during the current year?
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Cost-Benefit Analysis Concepts and Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th edition
1108401295, 9781108415996, 1108415997, 978-1108401296
