Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

in April 2014 Jose filed his 2013 federal and state income tax return.He paid $800 with his federal redurn and $450 when he filed his

in April 2014 Jose filed his 2013 federal and state income tax return.He paid $800 with his federal redurn and $450 when he filed his state income returne.During 2014 jose employer witheld $6600 and 3100 for federal and state income taxes. Jose files as a single.

a.What Amount can jose deduct as a idemezed deduction on his 2014 tax return.

b. When jose file his 2014 tax return early 2015 he received $90 refund from the federal goverment and $120 back from the state .Discused the tax consequennces to Jose of receiving refunds totaling$210. His other deduction in 2014 totaled 3150.

c.Same as part b ,except that other itemized deduction total $1000.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

External Audit Auditing Business Functions And Assets

Authors: Bart Rohman

1st Edition

B0B5NR6TB6, 979-8839201767

More Books

Students also viewed these Accounting questions

Question

Evaluate the integral. sec 0 tan 0 de sec 0 sec?0

Answered: 1 week ago