During 2007, William Clark was assessed a deficiency on his 2005 federal income tax return. As a result of this assessment he was required to pay $1,120 determined as follows:
|
Additional tax |
$900 |
|
Late filing penalty |
60 |
|
Negligence penalty |
90 |
|
Interest |
70 |
What portion of the $1,120 would qualify as itemized deductions for 2007?
- $0
- $ 14
- $150
- $220