In the Current Year, Juan's Home Was Burglarized

question 46

Multiple Choice

In the current year, Juan's home was burglarized. Juan had the following items stolen:
? Securities worth $25,000. Juan purchased the securities four years ago for $20,000.
? New tools which Juan had purchased two weeks earlier for $8,000. Juan uses the tools in making repairs at an apartment house that he owns and manages.
? An antique worth $15,000. Juan inherited the antique (a family keepsake) when the property was worth $11,000.
Juan's homeowner's policy had a $50,000 deductible clause for thefts. If Juan's salary for the year is $50,000, determine the amount of his itemized deductions as a result of the theft.

• A) $3,100
• B) $6,000
• C) $26,100
• D) $26,500
• E) None of the above

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Definitions:

Patient Portals

Online platforms that give patients access to personal health information and communication tools with their healthcare providers.

Communicate

The process of conveying information or expressing thoughts and feelings through speech, writing, or other mediums.

Proper Ergonomics

The study and application of designing equipment and devices that fit the human body and its cognitive abilities to optimize human well-being and overall system performance.

Wall-Mounted

Objects or devices that are fixed onto or hung from a wall, used to save space or as part of interior design.