Constance,who Is Single,is in an Automobile Accident in 2016,and Her

question 35

Multiple Choice

Constance,who is single,is in an automobile accident in 2016,and her car sustains $6,200 in damages.Constance does not expect to recover any of the loss from her insurance company.Constance's 2016 AGI is $31,000.Her casualty loss is $3,000;she has other itemized deductions of $1,200.In 2017,Constance's insurance company reimburses her $2,800.Constance's 2017 AGI is $28,000.As a result,Constance must

• A)amend the 2017 return to show the $200 loss.
• B)do nothing and simply keep the $2,800.
• C)amend the 2016 return to show $0 loss and file her 2017 return to show $200 loss.
• D)do nothing to the 2016 return but report $2,800 of income on her 2017 return.

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Definitions:

Social Conventions

Established norms or behaviors that are accepted and enforced by society or social groups.

Moral Rules

Principles or standards of behavior that guide actions based on notions of right and wrong.

Display Rules

Cultural norms that dictate the appropriate expressions of emotions in various situations.

Relational Aggression

Aggression intended to harm someone’s friendships or exclude an individual from the group.