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During the year, Frank paid the following taxes: Federal Income Tax: $17,000 Social Security Tax: $5,000 State Income Tax: $5,000 Property Tax on Home: $3,500

During the year, Frank paid the following taxes:

  • Federal Income Tax: $17,000
  • Social Security Tax: $5,000
  • State Income Tax: $5,000
  • Property Tax on Home: $3,500

How much of the above amounts is Frank entitled to deduct?

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$3,500.

$8,500.

$17,000.

$30,500.

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