Question
Rennie purchased a new car this year, and paid $3,600 in total sales taxes for the year. Rennies state income tax for the year was
Rennie purchased a new car this year, and paid $3,600 in total sales taxes for the year. Rennies state income tax for the year was $2,000. The property taxes on Rennies home this year were $6,000, and he made approximately $12,000 in charitable deductions. How much should Rennie deduct for taxes as an itemized deduction?
| $9,600. |
| $3,600. |
| $8,000. |
| $6,000. |
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
9781260571127
