Question
(TCO 10) Three weeks after Adrienne died, her brother Vincent properly received Adrienne's last paycheck from her employer. The gross amount of the check was
(TCO 10) Three weeks after Adrienne died, her brother Vincent properly received Adrienne's last paycheck from her employer. The gross amount of the check was $4,000, and a $200 deduction for state income taxes was subtracted in computing the net amount of the payment. Which statement is true? (Points : 5) The $200 is deductible both on Vincents income tax return and on Adrienne's Estate tax return. Vincent deducts the $200 on his income tax return, even if he is subject to the alternative minimum tax. The $200 is deductible only in computing Adriennes taxable estate. Adriennes executor deducts the $200 only on Adriennes last income tax return. The $200 is deductible only on the income tax return of Adrienne's estate.
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