Business, 23.01.2020 22:31 natimike10
Given the following information, would it be better for illinois resident salem marcos to itemize her sales tax or her state income tax on her federal tax return?
federal taxable income $52,100.00
federal marginal income tax rate 25%
state taxable income $42,810.00
state income tax rate 3%
total sales tax paid $1,375.80
assume that salem has sufficient itemized deductions to choose itemization method over the standard deduction.
q1- it would be better for illinois resident salem marcosto: ββ(select best answer below.)
a. itemize state income tax.
b. no difference between the two.
c. itemize sales tax.
Answers: 2
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Given the following information, would it be better for illinois resident salem marcos to itemize he...
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