Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. each of the following taxpayers received a state i

Each of the following taxpayers received a state income tax refund in 2019. In all...

60.2K

Verified Solution

Question

Accounting

Each of the following taxpayers received a state income tax refund in 2019. In all cases, the taxpayer has a filing status of married filing jointly. What amount of the refund is properly included in 2019 income? a. Refund of $729; taxpayer did not itemize deductions in 2018. b. Refund of $591; taxpayer had $13,220 of itemized deductions in 2018. C. Refund of $927; taxpayer had itemized deductions of $13,000 in 2018.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Call-a-way Inc. has identified a project with the following cash flows: Year Cash Flow 1 $   950 2   1,040 3   1,130 4   1,075 If the discount rate is...

Finance
Q

A piece of wire 28 m long is cut into two pieces. One piece is bent...

Basic Math
Q

As in exercise 3 Cholesterol levels in health us adults average about 215mg/Dl with a Standard...

Basic Math
Q

The table below gives the number of hours spent unsupervised each day as well as the...

Statistics
Q

80 35 G Which equation can be used to find the measure of EHG O...

Geometry
Q

7 Find the term that does not contain x in the expansion of 10 4x...

Calculus
Q

Solve the equations and check your solution It is possible to have NO SOLUTION 3...

Algebra
Q

a proper assessment of whether a section 338 election is worthwhile would involve discounting the...

Accounting
Q

the following question in 2 double spaced pages approximately. My chosen company is wegmans food...

Accounting
Q

You are analyzing ABC stock and predicting the probabilities for different economic conditions next years...

Finance
Q

Item 7 1.44 points Kyle, a single taxpayer, worked as a free-lance software engineer for...

Accounting
Q

Which of the following are cash flows from financing activities? Select all that apply. ...

Accounting