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Karen Baker, a cash basis calendar year taxpayer, paid the following during 2018:
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Question

Karen Baker, a cash basis calendar year taxpayer, paid the following during 2018: 


    Social security tax (withheld from wages)$6,120 Personal property taxes (ad valorem)520 State income tax5,000 State sales tax3,800 Cigarette taxes500 Fine for speeding250



What itemized deduction may Karen claim for taxes on her return?

Question 12 options:


1) 

$5,520


2) 

$9,820


3) 

$15,420


4) 

$16,190


5) 

None of these

Step-by-step answer

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Subject: Accounting, Business

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