Arun Paid the Following Taxes This Year What Amount Can Arun Deduct as an Itemized Deduction on |

question 83

Multiple Choice

Arun paid the following taxes this year: $$\begin{array} { |l | r | } \hline \text { Real estate taxes on rental property he owns } & \$ 4,000 \\\hline \text { Real estate taxes on his own residence } & 3,600 \\\hline \text { Federal income taxes } & 8,000 \\\hline \text { State income taxes } & 3,400 \\\hline \text { Local city income taxes } & 500 \\\hline\end{array}$$ What amount can Arun deduct as an itemized deduction on his tax return?

• A)$7,500
• B)$19,500
• C)$15,500
• D)$15,000

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