The following taxes were paid by Tim: Real estate taxes on his home: ........ $2,000 State income

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The following taxes were paid by Tim:

Real estate taxes on his home: ........ $2,000

State income taxes: ............. $900

State gasoline tax (personal use of automobile): . $150

In itemizing his deductions, what is the amount that Tim may claim as a deduction for taxes?

a- $2,000

b- $2,900

c- $3,050

d- $0

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Question Posted: Jan 21, 2013 04:35 AM

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The following taxes were paid by Tim: Real estate taxes on his home: ........ $2,000 State income

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Income Tax Fundamentals 2013

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