The following taxes were paid by tim real estate taxes on, Ask an Expert

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The following taxes were paid by Tim: Real estate taxes on his home: $1,000; State income taxes: $900; and State gasoline tax (personal use of automobile): $150.

In itemizing his deductions, what is the amount that Tim may claim as a deduction for taxes?

1-$2,000

2- $3,050

3- $0

4- $1,900

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M956094

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