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Author Question: During 2015, Mark's employer withheld $2,000 from his wages for state income tax. Mark claimed the ... (Read 76 times)

audie

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During 2015, Mark's employer withheld $2,000 from his wages for state income tax. Mark claimed the $2,000 as an itemized deduction on his 2015 federal income tax return. His total itemized deductions for 2015 were $8,000. Mark's taxable income for 2015 was a negative $20,000 due to substantial business losses. Mark received the $2,000 as a refund from the state during 2016. What amount must Mark include in income in 2016?
◦ $0
◦ $1,000
◦ $2,000
◦ $6,000


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Marked as best answer by audie on Sep 13, 2020

Loise Hard

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audie

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Reply 2 on: Sep 13, 2020
Excellent


Hdosisshsbshs

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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