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Juanita, Single and Age 43, Reports the Following Items for 2019

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Essay

Juanita, single and age 43, reports the following items for 2019:  Salary $60,000 Interest income 6,000 Casualty loss on business property (15,000) Casualty loss on rental property (5,000) Loss on theft of securities (8,000) Personal casualty gains 9,000 Personal casualty loss (after $100 floor) (13,000) Other itemized deductions (9,000)\begin{array} { l r } \text { Salary } & \$ 60,000 \\\text { Interest income } & 6,000 \\\text { Casualty loss on business property } & ( 15,000 ) \\\text { Casualty loss on rental property } & ( 5,000 ) \\\text { Loss on theft of securities } & ( 8,000 ) \\\text { Personal casualty gains } & 9,000 \\\text { Personal casualty loss (after } \$ 100 \text { floor) } & ( 13,000 ) \\\text { Other itemized deductions } & ( 9,000 )\end{array} Compute Juanita's taxable income for 2019.


Definitions:

Dollars

The unit of currency used in the United States and other countries, often symbolized by $.

Internal Rewards

Personal satisfaction and intrinsic motivations that come from within an individual, rather than external rewards.

Sense of Achievement

A feeling of pride and satisfaction that comes from accomplishing a task or reaching a goal.

Pride in Accomplishment

is a feeling of satisfaction and self-respect that comes from achieving or excelling in something.

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