Tom and Betsy, who are married filing jointly, reported a standard deduction of $11,400 on their 2010 tax return. They paid $500 to the state for income taxes in 2010. In 2011, they received a $125 refund of state taxes paid in 2010. What is the amount that Tom and Betsy need to report on their 2011 tax return?
a. $0
b.$125
c. $375
d. $500
is it D
2 answers
What is $500 - $125?
its not 375.
0 answers