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Taxpayer pays state and local taxes as follows: Sales Tax - $2,500 . State Income Tax - $5,000 Property Taxes - 511,000. Assuming taxpayer takes

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Taxpayer pays state and local taxes as follows: Sales Tax - $2,500 . State Income Tax - $5,000 Property Taxes - 511,000. Assuming taxpayer takes itemized deductions, what amount of these taxes will be recognized as a deduction? 50 $10,000 O $18,500 O $11,000 QUESTIONS In 2020. Taxpayer has net passive income of 5100 and net active loss of S(500). Taxpayer has a passive loss carryforward from 2019 of $(150). What net income will taxpayer recognize from these activities? O $(650) 50 O $(500) 51550) QUESTION 6 Taxpayer is single. During 2020 Taxpayer has income from qualified businesses of $250,000. Taxpayer pays wages to employees in the amount of 55.000 Taxpayer has no qualified property. The AG of Taxpayer is $300.000. What is the allowable OBI deduction of taxpa $2.500 $250,000

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