Louis files as a single taxpayer. In April of this year hereceived a $1,260...

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Accounting

Louis files as a single taxpayer. In April of this year hereceived a $1,260 refund of state income taxes that he paid lastyear. How much of the refund, if any, must Louis include in grossincome under the following independent scenarios? Assume thestandard deduction last year was $6,350. (Leave no answer blank.Enter zero if applicable.)

a. Last year Louis claimed itemized deductions of$6,466. Louis’s itemized deductions included state income taxespaid of $2,140.
Refund to be included:
b. Last year Louis had itemized deductions of$4,220 and he chose to claim the standard deduction. Louis’sitemized deductions included state income taxes paid of $2,140.
Refund to be included:
c. Last year Louis claimed itemized deductionsof $8,230. Louis’s itemized deductions included state income taxespaid of $3,830.
Refund to be included:

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3.7 Ratings (660 Votes)

Last year Louis claimed itemized deductions of 6466 Louiss itemized deductions included state income taxes paid of 2140 Louis receives a tax benefit for least of the following Refund See Answer

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Transcribed Image Text

In: AccountingLouis files as a single taxpayer. In April of this year hereceived a $1,260 refund...Louis files as a single taxpayer. In April of this year hereceived a $1,260 refund of state income taxes that he paid lastyear. How much of the refund, if any, must Louis include in grossincome under the following independent scenarios? Assume thestandard deduction last year was $6,350. (Leave no answer blank.Enter zero if applicable.)a. Last year Louis claimed itemized deductions of$6,466. Louis’s itemized deductions included state income taxespaid of $2,140.Refund to be included:b. Last year Louis had itemized deductions of$4,220 and he chose to claim the standard deduction. Louis’sitemized deductions included state income taxes paid of $2,140.Refund to be included:c. Last year Louis claimed itemized deductionsof $8,230. Louis’s itemized deductions included state income taxespaid of $3,830.Refund to be included: