Weber resides in a state that imposes a tax on income. The following information relating to Weber's state income taxes is available: State income taxes withheld in 2023 $3,000 State sales taxes paid 650 Refund received in 2023 for 2022 tax 300 Assessment paid in 2023 for 2021 state income tax 800 What amount should Weber use as state and local income taxes in calculating itemized deductions for his 2023 Federal income tax return? $3,800 $2,700 $3,500 $3,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Weber resides in a state that imposes a tax on income. The following information relating to Weber's state income taxes is available: State income taxes withheld in 2023 $3,000 State sales taxes paid 650 Refund received in 2023 for 2022 tax 300 Assessment paid in 2023 for 2021 state income tax 800 What amount should Weber use as state and local income taxes in calculating itemized deductions for his 2023 Federal income tax return? $3,800 $2,700 $3,500 $3,000
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