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 should deduct $4,300 even if her standard deduction is $6,350.
B) Norma should deduct $1,200 even if her standard deduction is $6,350.
C) Norma should deduct $3,100 even if her standard deduction is $6,350.
D) Norma should claim the standard deduction.
E) Norma can deduct 4,300 for AGI.
Correct Answer:
Verified
Q55: Which of the following costs are deductible
Q56: Casey currently commutes 35 miles to work
Q57: Lewis is an unmarried law student at
Q58: This fall Millie finally repaid her student
Q59: Opal fell on the ice and injured
Q61: Simone donated a landscape painting (tangible capital
Q62: Jim was in an auto accident this
Q63: Which of the following is a true
Q64: Fred's employer dispatched him on a business
Q65: Margaret Lindley paid $15,000 of interest on
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