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During the current year, Stan, a self-employed electrician, paid the following taxes:
Federal income tax | $18,000 |
State income tax | $9,500 |
Real estate taxes on land in South America (held as an investment) | $3,000 |
State sales taxes | $600 |
Personal property taxes based upon value | $1 800 |
Federal self-employment tax | $ 900 |
What amount can Stan claim as an itemized deduction for taxes paid during the current year?
a. 9,500 b. None of the above c. 10,000 d. 12,800 e.11,300
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