me Required information ccess Problem 14-54 (L0 14-4) cop loads The following information applies to the questions displayed below] ments Craig and Karen Conder purchased a new home on May 1 of year 1 for $200,000. At the time of the purchase, it was estimated that the real property tax rate for the year would be 1 percent of the property's value. How much in property taxes on the new home are the Conders allowed to deduct under each of the following circumstances? Assume the Conders' itemized deductions exceed the standard deduction before considering property taxes and the property tax is the only deductible tax they pay during the year. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) res c enshots eos Orive PC Problem 14-54 Part a work o. The property tax estimate proves to be accurate. The seller and the Conders paid their share of the tax. The full property tax bill is paid to the taxing jurisdiction by the end of the year. Deductible property taxes 1 item s