Lisa has the following items related to her taxes: Federal tax refund (amount she overpaid) $3000 Federal taxes withheld from her paycheck $4000 California taxes withheld from her paycheck $3000 Property tax paid on her personal residence: $9000 What is the amount her itemized deduction for taxes? Select one: a. $13,000 b. $12,0000 c. $10,000 d. $16,0000
Lisa has the following items related to her taxes: Federal tax refund (amount she overpaid) $3000 Federal taxes withheld from her paycheck $4000 California taxes withheld from her paycheck $3000 Property tax paid on her personal residence: $9000 What is the amount her itemized deduction for taxes? Select one: a. $13,000 b. $12,0000 c. $10,000 d. $16,0000
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 6BCRQ
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Question
Lisa has the following items related to her taxes:
Federal tax refund (amount she overpaid) $3000
Federal taxes withheld from her paycheck $4000
California taxes withheld from her paycheck $3000
Property tax paid on her personal residence: $9000
What is the amount her itemized deduction for taxes?
Federal tax refund (amount she overpaid) $3000
Federal taxes withheld from her paycheck $4000
California taxes withheld from her paycheck $3000
Property tax paid on her personal residence: $9000
What is the amount her itemized deduction for taxes?
Select one:
a. $13,000
b. $12,0000
c. $10,000
d. $16,0000
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