Neal, Single and Age 37, Reports the Following Items for 2019

question 103

Essay

Neal, single and age 37, reports the following items for 2019: $\begin{array}{lr}\text { Salary } & \$ 50,000 \\\text { Casualty loss on business property } & (8,000) \\\text { Casualty loss on rental property } & (5,000) \\\begin{array}{lr}\text { Federal disaster area personal casualty gains }\end{array} & 3,000 \\\begin{array}{l}\text { Federal disaster area personal casualty losses } \\\text { (after } \$ 100 \text { floor) }\end{array} & (12,000) \\\begin{array}{l}\text { Interest expense and taxes on personal } \\\text { residence }\end{array} & (11,700)\end{array}$
Determine Neal's taxable income for 2019.

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Definitions:

Short-legged

Short-legged describes animals or objects having noticeably short legs compared to the standard proportion or to other individuals/specimens.

Snakes

Snakes are elongated, legless, carnivorous reptiles of the suborder Serpentes, known for their distinctive slithering movement and often venomous bites.

Shelled, Amniote Eggs

Eggs encased in a protective shell, laid by amniotes, a group of vertebrates that includes reptiles, birds, and certain mammals, providing a contained aquatic environment for embryonic development.

Paired Appendages

Structures that extend from the body of an organism and occur in matching pairs, such as wings, arms, and legs.