Question 2 of 4
True or False? Fyodor, who is from Russia, earned $3,434 last year. He had $89 withheld for state income taxes. Even though he listed the taxes as a deduction on his federal return last year, they did not help lower his taxable income for that year. The personal exemption amount was more than enough to lower his taxable income to zero. Fyodor received a state refund of $43 this year. He would include this on his current federal return.