Multiple Choice
Margo has $2,200 withheld from her wages for state income taxes during 2017.In March of 2017,she paid $400 in additional taxes for her 2016 state tax return.Her state income tax liability for 2017 is $2,700 and she pays the additional $500 when she files her 2017 state tax return in April of 2018.What amount should Margo deduct as an itemized deduction for state income taxes on her 2017 federal income tax return,assuming she deducts state and local income taxes?
A) $2,100
B) $2,500
C) $2,600
D) $3,100
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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