Question
Karen Baker, a cash basis calendar year taxpayer, paid the following during 2019: Social security tax (withheld from wages) $6,120 Personal property taxes (ad valorem)
Karen Baker, a cash basis calendar year taxpayer, paid the following during 2019:
| Social security tax (withheld from wages) | $6,120 |
| Personal property taxes (ad valorem) | 520 |
| State income tax | 5,000 |
| State sales tax | 3,800 |
| Cigarette taxes | 500 |
| Fine for speeding | 250 |
What itemized deduction may Karen claim for taxes on her return?
a. $5,520
b. $9,820
c. $15,420
d. $16,190
e. None of these
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Using Sage 50 Accounting 2022
Authors: Mary Purbhoo
1st Canadian Edition
0137866224, 978-0137866229
