Question Content AreaDuring the current year, Seth, a self-employed individual, paid the following taxes: Federal...
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Question Content AreaDuring the current year, Seth, a self-employed individual, paid the following taxes:
Federal income tax $15,000
State income tax 6,500
Real estate taxes on land in South America (held as an investment) 700
State sales taxes 300
Personal property taxes based upon value 1,600
Federal self-employment tax 800
What amount can Seth claim as an itemized deduction for taxes paid during
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