Matt paid the following taxes this year: Real estate taxes on his own residence $3,600 State income taxes 900 Local city income taxes 300 State sales taxes 1,400 What is the maximum amount Matt can deduct as an itemized deduction on his tax return?

The question is incomplete, the option include:

A. $6,200

B. $5,000

C. $4,800  is Correct

D. $5,300

Explanation:

Real estate taxes on his own residence                $3,600

State income taxes                                                $900

Local city income taxes                                        $300

Total itemized deduction                                $4,800

answer; capital structure decision;