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Gary has AGI of $70,000 and has made the following payments: State income tax withholding $4,900 State income tax estimated payments 1,850 Federal income tax
Gary has AGI of $70,000 and has made the following payments:
State income tax withholding $4,900
State income tax estimated payments 1,850
Federal income tax withholding 7,100
Social Security tax withheld from wages 4,800
State excise tax on liquor 400
Federal gift tax 1,200
Local real estate tax 4,790
Automobile license (based on the cars value) 510
State sales tax on new vehicle purchase 2,050
Calculate the amount of taxes that Chuck can include with his itemized deductions.
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