This year Mary received a $200 refund of state income taxes that she deducted on her tax
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Question:
A. $200 is included because Mary itemized her deductions last year.
B. $200 is included if itemized deductions exceeded the standard deduction by $200.
C. $200 is included because itemized deductions exceeded the standard deduction.
D. $200 is included even if Mary claimed the standard deduction.
E. None of these - refunds of state income taxes are not included in gross income.
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Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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