In the 2015 tax year, Michelle paid the following amounts relating to her 2013 tax return: Tax

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In the 2015 tax year, Michelle paid the following amounts relating to her 2013 tax return:
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  answer-question

Income Tax Fundamentals 2016

ISBN: 9781337343527

34th Edition

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

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