Which one of the following is not tax deductible? Select one: a. Local income taxes b....

Which one of the following is not tax deductible?

Select one:

a. Local income taxes

b. All of these are tax deductible

c. State income taxes

d. Property taxes

e. Real estate taxes

Solutions

Expert Solution

Correct Answer:

Option(b) is correct answer that all mentioned elements are tax deductible. Local income taxes,state income taxes,property taxes and real estate taxes are tax deductible.

Incorrect answers:

Option(a) is incorrect answer because local income taxes is not only single element is tax deductible but there are others items are also tax deductible.

Option(c) is incorrect answer because state income taxes is tax deductible and also other tax deductibles are local income taxes,property taxes and real estate taxes etc.

Option(d) is incorrect answer because property taxes is not the alone item is tax deductible but there are other items such as local income taxes,state income taxes and real estate taxes are tax deductible.

Option(e) or Real estate taxes is incorrect answer because there other items are also tax deductible such as local income taxes,state income taxes and property taxes.

So correct answer is option(b)

ekkarill92 answered 1 year ago

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