Question: During 2010, William Clark was assessed a deficiency on his 2008 federal income tax return. As a result of this assessment he was required to
During 2010, William Clark was assessed a deficiency on his 2008 federal income tax return. As a result of this assessment he was required to pay $1,120 determined as follows:
Additional tax $900 Late filing penalty 60 Negligence penalty 90 Interest 70 What portion of the $1,120 would qualify as itemized deductions for 2010?
a. $0
b. $ 14
c. $150
d. $220
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