Louis files as a single taxpayer. In April of this year he received a $930 refund...
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Louis files as a single taxpayer. In April of this year he received a $930 refund of state income taxes that he paid last year. How much of the refund, if any, must Louis include in gross income under the following independent scenarios? Assume the standard deduction last year was $12,950. Note: Leave no answer blank. Enter zero if applicable. Last year Louis claimed-itemized deductions of $14,420. Louis's itemized deductions included state income taxes aid of $2,780 and no other state or local taxes. Refund to be included in gross income Louis files as a single taxpayer. In April of this year he received a $930 refund of state income taxes that he paid last year. How much of the refund, if any, must Louis include in gross income under the following independent scenarios? Assume the standard deduction last year was $12,950. Note: Leave no answer blank. Enter zero if applicable. Last year Louis claimed-itemized deductions of $14,420. Louis's itemized deductions included state income taxes aid of $2,780 and no other state or local taxes. Refund to be included in gross income
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Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Posted Date:
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