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Arun Paid the Following Taxes This Year What Amount Can Arun Deduct as an Itemized Deduction on |

Question 32

Multiple Choice

Arun paid the following taxes this year:  Real estate taxes on rental property he owns $4,000 Real estate taxes on his own residence 3,600 Federal income taxes 8,000 State income taxes 3,400 Local city income taxes 500\begin{array} { |l | r | } \hline \text { Real estate taxes on rental property he owns } & \$ 4,000 \\\hline \text { Real estate taxes on his own residence } & 3,600 \\\hline \text { Federal income taxes } & 8,000 \\\hline \text { State income taxes } & 3,400 \\\hline \text { Local city income taxes } & 500 \\\hline\end{array} What amount can Arun deduct as an itemized deduction on his tax return?


A) $7,500
B) $19,500
C) $15,500
D) $15,000

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