(TCO 10) Three weeks after Adrienne died, her brother Vincent properly received Adrienne's last paycheck...
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Accounting
(TCO 10) Three weeks after Adrienne died, her brother Vincent properly received Adrienne's last paycheck from her employer. The gross amount of the check was $4,000, and a $200 deduction for state income taxes was subtracted in computing the net amount of the payment. Which statement is true? (Points : 5) The $200 is deductible both on Vincents income tax return and on Adrienne's Estate tax return. Vincent deducts the $200 on his income tax return, even if he is subject to the alternative minimum tax. The $200 is deductible only in computing Adriennes taxable estate. Adriennes executor deducts the $200 only on Adriennes last income tax return. The $200 is deductible only on the income tax return of Adrienne's estate.
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