Who benefits from deducting the amount paid in state income tax from their income for purposes of computing federal income tax?

A. Everyone who must pay state income tax.

B. Those whose total itemized deductions (including state income tax) is above their standard deduction.

C. No one is allowed to deduct state income tax.

D. Only those who can take advantage of the standard deduction.

Question

02-09-2022
Business

contestada

Who benefits from deducting the amount paid in state income tax from their income for purposes of computing federal income tax?

A. Everyone who must pay state income tax.

B. Those whose total itemized deductions (including state income tax) is above their standard deduction.

C. No one is allowed to deduct state income tax.

D. Only those who can take advantage of the standard deduction.

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Martebi Martebi · Answer 1 · 2022-09-07T20:50:22+02:00

The person that benefits from deducting the amount paid in state income tax from their income for purposes of computing federal income tax is option a: Everyone who must pay state income tax.

What are Income tax in the United States?

Income taxes in the United States is known to be a kind of a tax that is often imposed by the federal government, as well as a lot of states.

Note that the income taxes are said to be set by applying a tax rate as income increases, and as such,

Therefore, The person that benefits from deducting the amount paid in state income tax from their income for purposes of computing federal income tax is option a: Everyone who must pay state income tax.

Learn more about federal income tax from

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