Indicate the amount of lyndas deduction for state income, Ask an Expert

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Lynda's employer withheld $1,800 in state income taxes from her wages. Lynda obtained a refund of $200 in this year for overpayment of state income taxes for last year. State income taxes were an itemized deduction on her last year's return. Her liability for this year's state income tax is $1,400. Indicate the amount of Lynda's deduction for state income taxes on her federal tax return assuming she elects to deduct state income taxes for the current year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M947715

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