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Given the following information, would it be better for Illinois resident Salem Marcos to itemize her sales tax or her state income tax on her
Given the following information, would it be better for Illinois resident Salem Marcos to itemize her sales tax or her state income tax on her federal tax return? Federal taxable income $45,400.00 Federal marginal income tax rate 25% State taxable income $38,790.00 State income tax rate Total sales tax paid 3% $1,310.40 Assume that Salem has sufficient itemized deductions to choose itemization method over the standard deduction. IL WOuIu De veter ior mIOIS Tesident Jaie viarcos to. (Select Dest answer velow.) O A. No difference between the two. VB. Itemize sales tax. O C. Itemize state income tax. If she makes the effort to track the sales tax she paid, on her federal income taxes Salem Marcos could save $ (Round to the nearest cent.)
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