Sam also made the following tax payments during 2020 (in addition to the tax payments withheld from
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Question:
- Sam also made the following tax payments during 2020 (in addition to the tax payments withheld from her paycheck).
- $8,750 in real estate taxes on her personal residence
- $1,100 in property taxes on her personal vehicle (the tax was based on the value of the vehicle)
Withheld from pay
- Federal income taxes: $36,000
- Social Security tax: $8,537
- Medicare tax: $2,726
- State income taxes: $9,000
Sam does not elect to deduct state and local sales taxes paid instead of deducting state and local income taxes paid.
How would the following amounts be itemized?
Related Book For
Taxation For Decision Makers 2019
ISBN: 9781119497288
9th Edition
Authors: Shirley Dennis Escoffier, Karen A. Fortin
Posted Date: