QUESTION 26 3. Jimmy, who uses the cash method of accounting, lives in a state...
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Accounting
QUESTION 26 3. Jimmy, who uses the cash method of accounting, lives in a state that imposes an income tax (including withholding from wagos). On April 15, 2020, he files his state return for 2019, paying an additional $300 in state income taxes. During 2020, his withholdings for state income tax purposes amount to $3,000. On April 13, 2021, he files his state return for 2020 paying an additional $200 in state income taxes. If he itemizes his deductions, how much may Alex claim as a deduction for state income taxes on his Federal income tax return for calendar year 2020? $3,300 $3,500 $3,200 $3.000 $2.500
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