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25- During the current year, Stan, a self-employed electrician, paid the following taxes: ...

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Accounting

25-

During the current year, Stan, a self-employed electrician, paid the following taxes:

Federal income tax

$18,000

State income tax

$9,500

Real estate taxes on land in South America (held as an investment)

$3,000

State sales taxes

$600

Personal property taxes based upon value

$1 800

Federal self-employment tax

$ 900

What amount can Stan claim as an itemized deduction for taxes paid during the current year?

a. 9,500 b. None of the above c. 10,000 d. 12,800 e.11,300

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