Matthew was a cash-basis taxpayer whose records showed the following:
- 2014 state and local income taxes withheld: $1,500
- 2014 state estimated income taxes paid December 30, 2014: $400
- 2014 Federal income taxes withheld: $2,500
- 2014 state and local income taxes paid April 17, 2015: 300
What total amount was Matthews entitled to claim for taxes on her 2014 Schedule A of Form 1040?
a. $4,700
b. $2,200
c. $1,900
d. $1,500
Answer: C
CPA Exam
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