49. Brian, a self-employed individual, pays state income tax payments of: $ 900 on January 15, 2021 (4th estimated tax payment for 2020) $ 1,000 on April 16, 2021 (1st estimated tax payment in 2021) $ 1,000 on June 17, 2021 (2nd estimated tax payment in 2021) $ 1,000 on September 16, 2021 (3rd estimated tax payment in 2021) $ 800 on January 15, 2022 (4th estimated tax payment of 2021) Brian had a tax overpayment of $ 500 on his 2020 state income tax return and applied this to his 2021 state income taxes. What is the amount of Brian's state income tax itemized deduction for his 2021 Federal income tax return?

49. Brian, a self-employed individual, pays state income tax payments of: $ 900 on January 15, 2021 (4th estimated tax payment for 2020) $ 1,000 on April 16, 2021 (1st estimated tax payment in 2021) $ 1,000 on June 17, 2021 (2nd estimated tax payment in 2021) $ 1,000 on September 16, 2021 (3rd estimated tax payment in 2021) $ 800 on January 15, 2022 (4th estimated tax payment of 2021) Brian had a tax overpayment of $ 500 on his 2020 state income tax return and applied this to his 2021 state income taxes. What is the amount of Brian's state income tax itemized deduction for his 2021 Federal income tax return?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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