Question

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.

Answer 1

Answer: $4,690

Step-by-step 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.