During 2020, Austin, a self-employed individual, paid the following amounts: Federal income tax - $5,000...
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Accounting
During 2020, Austin, a self-employed individual, paid the following amounts:
Federal income tax - $5,000
State income tax - $3,000
Real estate taxes on land - $800
State sales taxes - $600
Speeding ticket - $400
What amount can Austin deduct as taxes by itemizing his deductions?
Select one:
a. $3,000
b. $3,400
c. $3,800
d. $4,800
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