Question
true or false mark, a single individual, took an itemized deduction of $5,500 for state income tax paid in 2023. His total itemized deductions in
true or false
mark, a single individual, took an itemized deduction of $5,500 for state income tax paid in 2023. His total itemized deductions in 2023 were $20.000 and did not include any other state or local taxes (the standard deduction for 2023 was $13,850). In 2024, he received a $900 refund of his 2023 state income tax. mark must include the $900 refund in his 2024 Federal gross income in accordance with the tax benefit rule
true or false
Maks employer carries insurance on its employees that will pay an employee their regular salary while the employee is away from work due to illness. The premiums for maks coverage were $1,800. mak was absent from work for two months as a result of a kidney infection. Her employer's insurance company paid Maks regular salary of $8,000 while she was away from work. Mak also collected $2,000 on a wage
continuation policy she had purchased. Mak must include $11,800 in her gross income.
true or false
Atley received a scholarship to be used as follows: tuition, $6,000; room and board, $9,000; and books and laboratory supplies, $2,000. Atley is required to include only $9,000 in her gross income.
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