Question: Please answer AssignmentMain.do: inprogress-true Hugh, a self-employed individual, paid the following amounts during the year: Real estate tax on Iowa residence $3,800 State income tax

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AssignmentMain.do: inprogress-true Hugh, a self-employed individual, paid the following amounts during the year: Real estate tax on Iowa residence $3,800 State income tax 1,700 Real estate taxes on a vacation home 2,100 Gift tax paid on gift to daughter 1,200 State sales taxes 1,750 State occupational license fee 300 Property tax on value of his automobile (used 100% for business) 475 What is the maximum amount Hugh can claim as taxes in itemizing deductions from AGI? Oa. $7,650 Ob. $9,625 Oc. $10,000 Od. $8,850

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2. In this chapter, the reader should reflect on the following concepts: