Ronald pays the following taxes during the year:

What is the amount Ronald can deduct for taxes as an itemized deduction for the year?

Name: Ronald pays the following taxes during the year: What is the amount Ronald can deduct for taxes as an itemized deduction for the year?
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Question

Ronald pays the following taxes during the year:
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What is the amount Ronald can deduct for taxes as an itemized deduction for the year?

Quizplus · Accepted Answer

Ronald can deduct $3,900 for taxes as an itemized deduction for the year. This is calculated by adding up the state and local income tax ($2,500) and the property tax ($1,400).

Ronald Pays the Following Taxes During the Year