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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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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