Tom and Betsy, who are married filing jointly, reported a
standard deduction of $12,600 on their 2015 tax return. They paid
$500 to the state for income taxes in 2015. In 2016, they received
a
$125 refund of state taxes paid in 2015. What is the amount that
Tom and Betsy need to report on their 2016 tax
return?
$375 $0 $125
$500
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