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During 2013,Mark's Employer Withheld $2,000 from His Wages for State

question 41

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During 2013,Mark's employer withheld $2,000 from his wages for state income tax.Mark claimed the $2,000 as an itemized deduction on his 2013 federal income tax return.His total itemized deductions for 2013 were $6,000.Mark's taxable income for 2013 was a negative $20,000 due to substantial business losses.Mark received the $2,000 as a refund from the state during 2014.What amount must Mark include in income in 2014?


Definitions:

Theoretical Model

A conceptual framework that explains phenomena through logically-structured principles and propositions.

Follower Traits

Characteristics of individuals that make them more likely to follow a leader effectively, including loyalty, motivation, and adaptability.

Theorizing About Followership

Engaging in developing concepts or models that explain the role, behaviors, and impact of followers in the leadership process.

Destructive Leaders

Individuals in leadership roles who negatively impact their followers or organization through unethical, fraudulent, or harmful practices.

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