Question
Stu itemized deductions on his 2021 income tax return. Stu plans to itemize deductions again in 2022 and the following information is available regarding state
Stu itemized deductions on his 2021 income tax return. Stu plans to itemize deductions again in 2022 and the following information is available regarding state and local taxes (ignore sales taxes election): Taxes withheld in 2022
a. Itemized deductions for taxes of $2,500, and income from state and local tax refund of $200.
b. Itemized deductions for taxes of $2,300.
c. Itemized deductions for taxes of $2,800.
d. Itemized deductions for taxes of $2,800, and income from state and local taxe refund of $500.
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
