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During the Year Jason and Kristi,cash-Basis Taxpayers,paid the Following Taxes

Question 33

Multiple Choice

During the year Jason and Kristi,cash-basis taxpayers,paid the following taxes:  State gift tax $1,000 Property tax on home in the United States 4,100 State income tax (withholdings)  3,000 Estimated federal income tax 4,500 Sstimated state income tax (paid by check)  800 Special assessment by city for sidewalks and street  lighting on their street 2,000\begin{array} { | l | r | } \hline \text { State gift tax } & \$ 1,000 \\\hline \text { Property tax on home in the United States } & 4,100 \\\hline \text { State income tax (withholdings) } & 3,000 \\\hline \text { Estimated federal income tax } & 4,500 \\\hline \text { Sstimated state income tax (paid by check) } & 800 \\\hline \text { Special assessment by city for sidewalks and street } & \\\text { lighting on their street } & 2,000 \\\hline\end{array} What amount can Kristi and Jason claim as an itemized deduction for taxes on their federal income tax return in the current year?


A) $7,900
B) $8,900
C) $10,900
D) $15,400

Correct Answer:

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