Hope Sustained a $3,600 Casualty Loss Due to a Severe

question 120

Multiple Choice

Hope sustained a $3,600 casualty loss due to a severe storm.She also incurred a $800 loss from a theft in the same year.Both the casualty and theft involved personal-use property.Hope's AGI for the year is $25,000 and she does not have insurance coverage.Hope's deductible casualty loss is

• A)$1,700.
• B)$1,800.
• C)$4,200.
• D)$4,300.

---

Definitions:

Goblet Cells

Specialized epithelial cells that produce and secrete mucus in the respiratory and intestinal tracts.

Coronary Ligament

A ligament around the liver that attaches it to the diaphragm and the anterior abdominal wall.

Falciform Ligament

A ligament that attaches the liver to the anterior abdominal wall and diaphragm, separating the liver's right and left lobes.

Round Ligament

A structure in the body, such as the ligament that connects the front of the uterus to the groin region.