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During the current year, Paul and Mary Davis, cash-basis taxpayers, paid the following taxes: State...

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Accounting

During the current year, Paul and Mary Davis, cash-basis taxpayers, paid the following taxes: State income taxes withheld $300 Estimated federal income tax $250 Estimated state income tax $1,500 Sales tax on new auto used 60% for business $1,400 State gift tax $1,000 Property tax, including $50 for trash pickup $2,600 Property tax on their vacation home in Canada $1,000 What amount can Mary and Paul claim as an itemized deduction on their current-year federal income tax return? Group of answer choices $6,350 $5,350 $6,400 $4,350

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