Business, 19.10.2019 04:20 arturocarmena10
Tom lewis, a single taxpayer, received a $3,200 state tax refund in year 5 for prior-year overpayments. tom's state withholding for year 4 was $3,500. tom's year 4 taxable income was $35,000. tom did not itemize deductions and instead took his standard deduction for year 4. how much should tom include in gross income for year 5 as a result of the state tax refund?
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Tom lewis, a single taxpayer, received a $3,200 state tax refund in year 5 for prior-year overpaymen...
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