Howards allowable itemized deductions are, Accounting Basics

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Howards allowable itemized deductions are

Question: Howard, a calendar year single taxpayer, has the following information for 2023: AGI $140,000 State income taxes $ 12,400 State sales tax $ 2,000 Real estate taxes $ 22,400 Gambling losses (gambling gains were $11,200) $ 7,000 Howard's allowable itemized deductions for 2023 are: a. None of the choices shown are correct. b. $43,800 c. $41,800 d. $10,000 e. $17,000

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Accounting Basics: Howards allowable itemized deductions are

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