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question 7 Louis files as a single taxpayer. In April of this year he received a $1,080 refund of state income taxes that he paid
question 7
Louis files as a single taxpayer. In April of this year he received a $1,080 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 $12,550. Note: Leave no answer blank. Enter zero if applleable. Required: a. Last year Louls claimed ltemized deductions of \$12,980. Louis's itemized deductions included state income taxes paid of \$1,930 and no other state or local taxes. b. Last year Louls had itemized deductions of $10,980 and he chose to claim the standard deduction. Louis's itemized deductions Included state income taxes paid of $1,930 and no other state or local taxes. c. Last year Louis claimed itemized deductions of $14,170. Louis's itemized deductions included state income taxes paid of $2,930 and no other state or local taxes Step by Step Solution
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