Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 52 of 75. Zander, a single taxpayer, has federal itemized deductions of $10,600, of which $6,000 is a qualified charitable donation and $4,600 is

Question 52 of 75.

Zander, a single taxpayer, has federal itemized deductions of $10,600, of which $6,000 is a qualified charitable donation and $4,600 is state tax paid. He is not itemizing on his federal return. Should he itemize on his California return?

No, because $6,000 is less than the California standard deduction for a single taxpayer.

No, if a taxpayer does not itemize on their federal return, they cannot itemize on their California return.

Yes, because $6,000 is a better deduction for him than the California standard deduction of $4,803.

Yes, because $10,600 is a better deduction for him than the California standard deduction of $4,803.

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

Evaluating The Effectiveness On Internal Audit Departments

Authors: W. Steve Albrecht, Keith R. Howe, Dennis R. Schueler, Kevin D. Stocks

1st Edition

089413177X, 978-0894131776

More Books

Students also viewed these Accounting questions