PROBLEM # 1 - Jeffrey H Kahn
Shirley also owns her own home. In Year One, Shirley paid the following state taxes: $18,000 – state property tax on the apartment house. $12,000 – state income tax on income from the rental of the apartment . house. $5,000 – state property tax on Shirley’s home. $1,000 – state income tax on dividend income from corporate stocks ................
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