Spencer paid the following taxes this year. Compute Spencer's itemized deduction for taxes.

Name: Spencer paid the following taxes this year. Compute Spencer's itemized deduction for taxes.
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Question

Spencer paid the following taxes this year.  Compute Spencer's itemized deduction for taxes.

Quizplus · Accepted Answer

We need to add up all the taxes that Spencer paid, which comes out to be $11,450. Then, we need to subtract any tax refunds that Spencer received during the year, which is $425. So, the total deduction for taxes comes out to be $11,025, which is closest to option C, $9,025.

Spencer Paid the Following Taxes This Year