During 2010,Sam,a self-employed individual,paid the following amounts: What amount can Sam claim as taxes in itemizing deductions from AGI?
A)$6,600.
B)$6,950.
C)$7,200.
D)$8,600.
E)None of the above.

Question

During 2010,Sam,a self-employed individual,paid the following amounts:  What amount can Sam claim as taxes in itemizing deductions from AGI?
A)$6,600. 
B)$6,950. 
C)$7,200. 
D)$8,600. 
E)None of the above.

Quizplus · Accepted Answer

Sam can claim the sum of state and local income taxes, real estate taxes, and personal property taxes which is $2,900 + $3,000 + $1,050 = $6,950.

During 2010,Sam,a Self-Employed Individual,paid the Following Amounts: What Amount