This year Norma paid $1,200 of real estate taxes on her personal residence. Norma's other itemized deductions (state income taxes) only amount to $3,100. Which of the following is a true statement if Norma files single with one personal exemption?
A) Norma can deduct 4,300 for AGI.
B) Norma can deduct $1,200 even if her standard deduction is $6,200.
C) Norma should deduct $4,300 even if her standard deduction is $6,200.
D) Norma can deduct $3,100 even if her standard deduction is $6,200.
E) Norma should claim the standard deduction.
Correct Answer:
Verified
Q62: This year Amanda paid $749 in Federal
Q63: Which of the following is a true
Q65: Carly donated inventory (ordinary income property) to
Q66: Opal fell on the ice and injured
Q67: When taxpayers donate cash and capital gain
Q68: Fred's employer dispatched him on a
Q69: Margaret Lindley paid $15,000 of interest on
Q70: Which of the following is a true
Q71: Which of the following taxes will not
Q72: Which of the following is a true
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents