Question: Chapter 5 Additional Practice Problems 1. During 2021 Jennifer's employer withheld $8,000 from her paychecks for state income taxes, which were included in her

Chapter 5 Additional Practice Problems 1. During 2021 Jennifer's employer withheld $8,000

Chapter 5 Additional Practice Problems 1. During 2021 Jennifer's employer withheld $8,000 from her paychecks for state income taxes, which were included in her $19,150 of itemized deductions (Single taxpayer). In April 2022, after filing her 2021 state income tax return, she received a $700 state tax refund. How will the state tax refund affect her gross income in 2022? Why? Note: The standard deduction for a single taxpayer in 2021 was $12,550. Assume instead that Jennifer's employer withheld $8,000 from her paychecks for state income taxes in 2021, and this was included in her $13,000 of itemized deductions. In April 2022 she receives the $700 refund. How does the refund affect her 2022 gross income? Why? Now assume instead that Jennifer's employer withheld $8,000 for state income taxes in 2021, but she had no other itemized deductions. In April 2022 she receives the $700 refund. How does the refund affect her 2022 gross income? Why?

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