They paid real estate taxes of 1450 and state income tax of


The Benjamin family had wage earnings of $85,000 in 2006. They received interest of $4,500 on corporate bonds and $1,500 on bonds issued by the state. Their dividend income was $500, and they had a $1,000 long-term capital gain on the sale of securities.

They paid real estate taxes of $1,450 and state income tax of $3,000, and they donated $550 to their church. They paid interest of $8,000 on their home mortgage. They have one dependent child. What was their tax liability for 2006?

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Finance Basics: They paid real estate taxes of 1450 and state income tax of
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