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Business, 24.02.2020 19:28 nancieabreu4491

Louis files as a single taxpayer. In April of this year, he received a $900 refund of state income taxes that he paid last year. How much of the refund, if any, must Louis include in gross income under the following independent scenarios?(a) Last year Louis claimed itemized deductions of $6,550. Louis’s itemized deductions included state income taxes paid of $1,750.(b) Last year Louis had itemized deductions of $4,800 and he chose to claim the standard deduction. Louis’s itemized deductions included state income taxes paid of $1,750.(c) Last year Louis claimed itemized deductions of $7,740. Louis’s itemized deductions included state income taxes paid of $2,750.

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