Question 3
During the year Jason and Kristi, cash-basis taxpayers, paid the following taxes:
State gift tax
$1,000
Property tax on home in the United States
4,100
State income tax (withholdings)
3,000
Estimated federal income tax
4,500
Estimated state income tax (paid by check)
800
Special assessment by city for sidewalks and
street lighting on their street
2,000
2 pts
What amount can Kristi and Jason claim as an itemized deduction for taxes on their federal income
tax return in the current year?
? $7,900
? $8,900
? $10,900
? $15,400