What is the amount of california itemized deductions

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Problem 1: A CA resident taxpayer's federal AGI is $84,500. The federal AGI includes a taxable California income tax refund of $2,100. The taxpayer also has City of Denver interest income of $400, and deducted Federal bonus depreciation of $670. How much is the taxpayer's California AGI?

Problem 2: What is the amount of California itemized deductions given the following? Federal itemized deductions of $26,750, real estate property tax of $3,200, state and local income tax of $2,900, State Disability Insurance of $320, personal property tax on automobiles of $590. Assume the total tax deduction for federal purposes is less than $10,000.

Reference no: EM132779181

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