Examlex

Solved

Weber Resides in a State That Imposes a Tax on Income.The

question 69

Multiple Choice

Weber resides in a state that imposes a tax on income.The following information relating to Weber's state income taxes is available: State income taxes withheld in 2013$3,0002013 \quad \$ 3,000
Refund received in 2013 of 2012 tax $300\quad \$ 300
Assessment paid in 2013 of 2011 tax $800\quad \$ 800 Assuming he elects to deduct state and local income taxes,what amount should Weber use as state and local income taxes in calculating itemized deductions for his 2013 Federal income tax return?


Definitions:

Dutch Merchants

Historical traders from the Netherlands known for their global trade networks in the 16th to 18th centuries.

Inner Light

A concept in Quaker belief that signifies the direct recognition of God's presence within each person.

Cotton Mather

A New England Puritan minister, prolific author, and pamphleteer known for his role in the Salem witch trials and for promoting smallpox vaccination.

William Penn

An English nobleman, writer, and early Quaker who founded the Province of Pennsylvania, a North American colony of England, as a place of religious freedom.

Related Questions