Louis files as a single taxpayer in april of this year he


Louis files as a single taxpayer. In April of this year he received a $1,120 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? Assume the standard deduction last year was $6,200.

a. Last year Louis claimed itemized deductions of $6,376. Louis’s itemized deductions included state income taxes paid of $2,035.

b. Last year Louis claimed itemized deductions of $8,210. Louis’s itemized deductions included state income taxes paid of $3,260.

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Financial Accounting: Louis files as a single taxpayer in april of this year he
Reference No:- TGS01589514

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