Lena Owns a Restaurant Which Was Damaged by a Tornado

question 85

Multiple Choice

Lena owns a restaurant which was damaged by a tornado.The following assets were partially destroyed: Lena has AGI of $50,000.What is the amount of Lena's deductible casualty loss?

• A)$54,900
• B)$60,000
• C)$70,000
• D)$180,000

---

Definitions:

Misinterpreted

Wrongly understood or construed meaning of a word, statement, or situation.

Heart Attack

A medical emergency in which the blood flow to the heart is suddenly blocked, potentially causing damage to the heart muscle.

Hypochondriasis

A psychological disorder characterized by excessive preoccupation with the fear of having a serious illness, despite medical reassurance.

Bodily Sensations

Feelings or perceptions related to the physical condition or state of the body, often linked to the five senses.