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What is the amount Ronald can deduct for taxes

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Reference no: EM133058084

Question - Ronald pays the following taxes during the year:

Real estate taxes on his personal residence $4,500

Real estate taxes on rental property 2,000

State sales tax (from Federal Sales Tax table) 1,000

State income taxes 7,400

Federal income taxes 5,400

Required - What is the amount Ronald can deduct for taxes as an itemized deduction for the year?

a. $11,900

b. $7,400

c. $13,900

d. $10,000

e. $4,500

Reference no: EM133058084

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