Question

Mrs. Stuart paid the following taxes:

Local property tax on:
20 acres of land held for investment	$	1,500
Condominium used as principal residence		2,825
Sailboat used as vacation residence		1,975
Florida sales tax on consumer goods		3,400
Federal employee payroll tax on salary		15,200
Federal income tax		30,800

To what extent (if any) can Mrs. Stuart deduct each of these payments?

local property tax on:

20 acres of land held for investment =

condominium used as principal residence =

sailboat used as vacation residence =

Florida sales tax on consumer goods =

federal employee payroll tax on salary =

Answer 1

Answer: Revenue offer a range of method for paying your Local Property Tax. You can opt to make one single payment or you can pay the tax in equal installments over the year.

-There are several Payment methods and they are mentioned below:

1. Debit/Credit Card

2. Bank single debit authority

3.Cash or debit/credit card payment

4. Cheque or postal order

Mrs. Stuart can deduct each of these payments under local property tax:

20 acres of land held for investment = 1500/12= 125

Condominium used as principal residence= 2825/12 = 417

sailboat used as vacation residence= 1975/12 =165

Florida sales tax on consumer goods= 3400/12 =283

federal employees payroll tax on goods= 15200/12 =1267