Business, 07.04.2020 17:27 brookekolmetz

Hugh, a self-employed individual, paid the following amounts during the year:Real estate tax on Iowa residence $3,800State income tax 1,700Real estate taxes on a vacation home 2,100Gift tax paid on gift to daughter 1,200State sales taxes 1,750State occupational license fee 300Property tax on value of his automobile (used 100% for business) 475What is the maximum amount Hugh can claim as taxes in itemizing deductions from AGI?a. $8,850b. $9,625c. $7,650d. $10,000e. None of these choices are correct.

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Hugh, a self-employed individual, paid the following amounts during the year:Real estate tax on Iowa...

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