Sherry had $5,600 withheld from her wages for state income taxes during 2017.In May of 2017,she received a $450 refund for her prior year state tax return.The amount of Sherry's tax on her 2017 tax return is $6,100 and she pays the additional tax of $500 ($6,100 - $5,600)when she files her state income tax return in April of 2018.
a.
Assuming she deducts state income tax,how much state income taxes should Sherry deduct on Schedule A of Form 1040 of her 2017 federal income tax return?
b.How should Sherry report the $450 refund?

Question

Sherry had $5,600 withheld from her wages for state income taxes during 2017.In May of 2017,she received a $450 refund for her prior year state tax return.The amount of Sherry's tax on her 2017 tax return is $6,100 and she pays the additional tax of $500 ($6,100 - $5,600)when she files her state income tax return in April of 2018.
a.​
Assuming she deducts state income tax,how much state income taxes should Sherry deduct on Schedule A of Form 1040 of her 2017 federal income tax return?
b.How should Sherry report the $450 refund?
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Quizplus · Accepted Answer

The Answer of Sherry had $5,600 withheld from her wages for state income taxes during 2017.In May of 2017,she received a $450 refund for her prior year state tax return.The amount of Sherry's tax on her 2017 tax return is $6,100 and she pays the additional tax of $500 ($6,100 - $5,600)when she files her state income tax return in April of 2018.
a.​
Assuming she deducts state income tax,how much state income taxes should Sherry deduct on Schedule A of Form 1040 of her 2017 federal income tax return?
b.How should Sherry report the $450 refund?
​

Sherry Had $5,600 Withheld from Her Wages for State Income