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Sheena Maskell Sheena Maskell
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Posts: 1902
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7 years ago
During the year Jason and Kristi, cash basis taxpayers, paid the following taxes:

State gift tax   $1,000
Property tax on home in the United States   4,100
State income tax (withholdings)   3,000
Estimated federal income tax   4,500
Estimated state income tax (paid by check)   800
Special assessment by city for sidewalks and street lighting
on their street   2,000

What amount can Kristi and Jason claim as an itemized deduction for taxes on their federal income tax return in the current year?
A) $7,900
B) $8,900
C) $10,900
D) $15,400
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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Yoko900Yoko900
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7 years ago
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