Ronald pays the following taxes during the year:
Real estate taxes on his personal residence $2,500
Real estate taxes on rental property 2,000
State sales taxes (from Federal Sales tax table) 1,000
State income taxes 1,400
Federal income taxes 5,400
What is the amount Ronald can deduct for taxes as an itemized deduction for the year?
a. $3,500
b. $3,900
c. $4,900
d. $6,900
e. $12,300
b
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