Daniel lives in a state that charges a vehicle registration fee of $50 plus $20 for every $1,000 of value. During the current year, Daniel paid $170 for registration of his automobile.

a. How much of the vehicle registration fee is deductible as a personal property tax on Schedule A of Daniel's Form 1040?

b. Explain your answer.

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a Deductible Amount as Personal Property Tax To determine the deductible amount as a personal proper... View the full answer