Rick and Barb pay property taxes on their primary residence of $4,000, real estate taxes of $2,300 on their investment property, and state income taxes through withholding of $5,000. Also, Rick and Barb paid a $175 registration fee for Barb's auto (the fee is not based on the car's value). What amount of these payments are deductible as itemized deductions

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.