In the 2015 tax year, Michelle paid the following amounts relating to her 2013 tax return: Tax
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Tax deficiency....................................$5,000
Negligence penalty.................................1,000
Interest................................................500
Underpayment of estimated tax penalty.........350
What amount of the above items may be deducted on Michelle's 2015 individual income tax return? $________
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Related Book For
Income Tax Fundamentals 2016
ISBN: 9781337343527
34th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
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