In 2018, marvin, a cash basis taxpayer, took a $2,000 itemized deduction for state income taxes paid. this increased his itemized deductions to a total that was $800 more than the standard deduction. in 2018, marvin received a $1,600 refund when he filed his 2018 state income tax return. marvin was in the 12% marginal tax bracket in 2018, but was in the 35% marginal tax bracket in 2019. how much must marvin include in his gross income for 2019?

In 2016, 800 were not levied for tax as a result of asserting an itemized deduction, the amount should be included in the 2017 gross earnings and must be charged @ 35 percent.

Explanation:

In 2016, 800 were not levied for tax as a result of asserting an itemized deduction, the amount should be included in the 2017 gross earnings and must be charged @ 35 percent. (think to note that, In the following year, as if regained, only the distinction between itemized exemption and the standard exemption will be taxable)

turnover

the amount of money taken by a business in a particular period.

answera major piece of legislation affecting the financial industry and containing significant privacy provisions for individuals;