Shanika lives in California which imposes a state tax on income. For 2015, Shanika had the following transactions related to her state income taxes:
Shanika plans to itemize on her 2015 return. What amount of state and local taxes should Shanika deduct in calculating itemized deductions for her 2015 federal income tax return?
A) $750.
B) $3,500.
C) $4,250.
D) $4,850.
Correct Answer:
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