Question: 37. instructions : Choose the best multiple choice answer and explain why you chose the answer. MUST provide 2-3 sentence brief explanation and show all
37. instructions : Choose the best multiple choice answer and explain why you chose the answer. MUST provide 2-3 sentence brief explanation and show all work. All sources must be noted.
____ 37. During 2016, Pugh, a self-employed individual, paid the following amounts:
| Real estate tax on Georgia residence | $3,900 |
| State income tax | 1,500 |
| Real estate taxes on land in Florida (held as an investment) | 1,200 |
| Gift tax paid on gift to daughter | 1,300 |
| State sales taxes | 1,750 |
| State occupational license fee | 400 |
| Property tax on value of his car (used 80% for business) | 185 |
What is the maximum amount Pugh can claim as taxes in itemizing deductions from AGI?
| a. | $6,600. |
| b. | $6,650. |
| c. | $6,850. |
| d. | $8,625. |
| e. | None of the above. |
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