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26 January, 22:31

Chuck has AGI of $71,600 and has made the following payments

State income tax withholding $2,060

State income tax estimated payments 1,010

Federal income tax withholding 7,260

Social Security tax withheld from wages 4,960

State excise tax on liquor 560

State inheritance tax 1,360

County real estate tax 950

School district tax on realty 670

Calculate the amount of taxes that Chuck can include with his itemized deductions.

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  1. 27 January, 00:59
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    Answer: $4,690

    Explanation:

    From the above, Chuck can include the following with his itemized deductions,

    County Real Estate Tax,

    School District Tax on Realty,

    State Income Tax estimated Payments and

    State income tax withholding.

    Calculating the above,

    = 950 + 670 + 1,010 + 2,060

    = $4,690

    the amount of taxes that Chuck can include with his itemized deductions is $4,690.
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