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3 September, 17:59

Shanika lives in Oregon which imposes a state tax on income. For 2017, Shanika had the following transactions related to her state income taxes:

State taxes withheld in 2017 $ 3,500

State refund received in 2017 of 2016 tax 600

Additional assessment paid in 2017 of 2015 tax 750

Shanika plans to itemize on her 2017 return. What amount of state and local taxes should Shanika deduct in calculating itemized deductions for her 2017 federal income tax return?

Multiple Choice

$4,850.

$3,500.

$750.

Which of the following organizations do not qualify for deductible charitable contributions?

Multiple Choice

A political party.

All of these.

The Salvation Army.

Religious organizations.

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Answers (1)
  1. 3 September, 21:23
    0
    Deductible state income tax = $3,500 + $750 = $4,250

    A political party is not a qualified charitable organization and it does not qualify for deductible charitable contributions.
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