Multiple Choice
Margo has $2,100 withheld from her wages for state income taxes during 2013.In March of 2013,she paid $300 in additional taxes for her 2012 state tax return.Her state income tax liability for 2013 is $2,500 and she pays the additional $400 when she files her 2013 state tax return in April of 2014.What amount should Margo deduct as an itemized deduction for state income taxes on her 2013 federal income tax return,assuming she elects to deduct state and local income taxes?
A) $2,100
B) $2,400
C) $2,500
D) $2,800
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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