A married couple made the following tax payments in 2020. Property tax on real estate $7,000 State sales tax paid $1,500 Sales tax on automobile purchase $1,000 State income tax paid $4,000 Federal income tax paid $15,000 If the couple filed as married filing jointly, what is their tax expense deduction for 2020? Show your work supporting your calculation.

A married couple made the following tax payments in 2020. Property tax on real estate $7,000 State sales tax paid $1,500 Sales tax on automobile purchase $1,000 State income tax paid $4,000 Federal income tax paid $15,000 If the couple filed as married filing jointly, what is their tax expense deduction for 2020? Show your work supporting your calculation.

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 26CE

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