Constance,who Is Single,is in an Automobile Accident in 2015,and Her

question 30

Multiple Choice

Constance,who is single,is in an automobile accident in 2015,and her car sustains $6,200 in damages.Because both drivers received tickets in the accident,Constance does not expect to recover any of the loss from her insurance company.Constance's 2015 AGI is $31,000.Her casualty loss is $3,000; she has other itemized deductions of $1,200.In 2016,Constance's insurance company reimburses her $2,800.Constance's 2016 AGI is $28,000.As a result,Constance must

• A)amend the 2016 return to show the $200 loss.
• B)do nothing and simply keep the $2,800.
• C)amend the 2015 return to show $0 loss and file her 2016 return to show $200 loss.
• D)do nothing to the 2015 return but report $2,800 of income on her 2016 return.

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Definitions:

Repression

In psychoanalytic theory, a mechanism of defense by means of which thoughts, impulses, or memories that give rise to anxiety are pushed out of consciousness.

Freudian Terms

Freudian Terms relate to the concepts or terminologies developed by Sigmund Freud in the field of psychoanalysis, focusing on unconscious desires, conflict resolution, and personality development.

Superego

The part of the human psyche in Freudian psychoanalytic theory that represents internalized societal norms and morals, functioning to suppress the urges of the id and to strive for moral perfection.

Id

In psychoanalytic theory, the part of the mind in which innate instinctual impulses and primary processes are manifest.