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This Year Kelsi Received a $1,900 Refund of State Income

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Essay

This year Kelsi received a $1,900 refund of state income taxes that she paid last year. Last year Kelsi claimed itemized deductions of $13,300, including $2,800 of state income taxes. How much of the refund, if any, must Kelsi include in gross income if the standard deduction last year was $12,200?


Definitions:

Standard Deviation

Indicates how much the individual data points in a data set generally deviate from the mean of the data.

Mean

The mean of a collection of numbers, found by summing all the numbers and then dividing by the total number of values.

Standard Deviation

An indicator of the degree of unevenness or spread among values in a statistical set.

Mean

The average value of a set of numbers, calculated by dividing the sum of all the values by the number of values.

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