Reference no: EM132529666

Question - Tiffany is a cash basis taxpayer whose records show the following:

Year 4 federal income taxes withheld $3,500

Year 4 state and local income taxes withheld 1,200

Year 4 state estimated income taxes paid during Year 4 1,000

Year 4 state and local income taxes paid on April 10, Year 5,400

Year 2 state and local income taxes paid on February 25, Year 4,500

Required - How much can Tiffany deduct for taxes on her Schedule A (Itemized Deductions) of Form 1040 for Year 4?

a. $2,200

b. $2,700

c. $3,100

d. $6,600