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Hiu's marginal tax bracket is 37%. Under the terms of a divorce decree settled in 2016, Hiu pays alimony of $30,000 per year. Hiu's after
Hiu's marginal tax bracket is 37%. Under the terms of a divorce decree settled in 2016, Hiu pays alimony of $30,000 per year. Hiu's after tax cost for the $30,000 payment is Select one: a. $18,900 b. $11,100 c. $30,000 d. $0. In 2020 Rumit and Yesenia, cash-basis taxpayers, paid the following taxes: Property tax on rental property in Arizona $1,000 Property tax on personal residence in California 4,100 California income tax (withholdings) 4,000 Estimated federal income tax 4,500 2019 California income tax paid on April 15, 2020 800 Special assessment by city for sidewalks and street lighting on their street 2,000 What amount can Yesenia and Rumit claim as an itemized deduction for taxes on their federal income tax return in the current year? Select one: a. $9,900 b. $8,900 c. $11,900 d. $16,400
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