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Tim is a single, cash-method taxpayer with one personal exemption and an AGI of $50,000. In April of this year, Tim paid $1,000 with his

Tim is a single, cash-method taxpayer with one personal exemption and an AGI of $50,000. In April of this year, Tim paid $1,000 with his state income tax return for the previous year. During the year, Tim had $4,850 of state income tax and $17,250 of federal income tax withheld from his salary. In addition, Tim made estimated payments of $1,150 and $1,800 of state and federal income taxes, respectively. Finally, Tim expects to receive a refund of $445 for state income taxes when he files his state tax return for this year in April next year. What is the amount of taxes that Tim can deduct as an itemized deduction?

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