This year Norma paid $1,200 of real estate taxes on her personal residence. Norma's other itemized deductions (state income taxes) only amount to $3,100. Which of the following is a true statement if Norma files single with one personal exemption?
A) Norma can deduct 4,300 for AGI.
B) Norma should deduct $1,200 even if her standard deduction is $6,300.
C) Norma should deduct $4,300 even if her standard deduction is $6,300.
D) Norma should deduct $3,100 even if her standard deduction is $6,300.
E) Norma should claim the standard deduction.
Correct Answer:
Verified
Q23: Which of the following taxes will not
Q24: Madeoff donated stock (capital gain property) to
Q25: Carly donated inventory (ordinary income property) to
Q26: This year Amanda paid $749 in Federal
Q27: Jim was in an auto accident this
Q29: Which of the following is a true
Q30: Opal fell on the ice and injured
Q31: Fred's employer dispatched him on a
Q32: Which of the following is a true
Q57: Which of the following costs are deductible
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents