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Mr Jain Paid the Following Taxes This Year \quad \quad \quad

Question 81

Essay

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

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$10,000 (limit on $11,010 stat...

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