Mr. Jain paid the following taxes this year.
$\begin{array}{lcr}
\text { Federal income tax } & \$ & 32,450 \
\text { Federal self-employment tax } & \$ & 7,921 \
\text { State and local income tax } & \$ & 3,450 \
\text { State and local sales tax } & \$ & 4,060 \
\text { Local property tax on principal residence } & \$ & 4,320 \
\text { Local property tax on investment land } & \$ & 1,880 \
\text { Local property tax on two automobiles } & \$ & 750
\end{array}$
Compute Mr. Jain's itemized deduction for taxes.

Question

Mr. Jain paid the following taxes this year.
 $\begin{array}{lcr}
\text { Federal income tax } & \$ & 32,450 \
\text { Federal self-employment tax } & \$ & 7,921 \
\text { State and local income tax } & \$ & 3,450 \
\text { State and local sales tax } & \$ & 4,060 \
\text { Local property tax on principal residence } & \$ & 4,320 \
\text { Local property tax on investment land } & \$ & 1,880 \
\text { Local property tax on two automobiles } & \$ & 750
\end{array}$
 Compute Mr. Jain's itemized deduction for taxes.

Quizplus · Accepted Answer

The Answer of Mr. Jain paid the following taxes this year.
 $\begin{array}{lcr}
\text { Federal income tax } & \$ & 32,450 \
\text { Federal self-employment tax } & \$ & 7,921 \
\text { State and local income tax } & \$ & 3,450 \
\text { State and local sales tax } & \$ & 4,060 \
\text { Local property tax on principal residence } & \$ & 4,320 \
\text { Local property tax on investment land } & \$ & 1,880 \
\text { Local property tax on two automobiles } & \$ & 750
\end{array}$
 Compute Mr. Jain's itemized deduction for taxes.

Mr Jain Paid the Following Taxes This Year Compute Mr