For 2014,the AGI Threshold for the Deductibility of Personal Casualty

question 84

Multiple Choice

For 2014,the AGI threshold for the deductibility of personal casualty losses generally is:

• A)2%.
• B)5%.
• C)7.5%.
• D)10%.

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Definitions:

Rhizomes

Underground plant stems that send out roots and shoots from its nodes, involved in vegetative reproduction and storage.

Tubers

Thickened, usually underground parts of a stem or rhizome, storing nutrients.

Corms

Underground plant stems that serve as storage organs and help in vegetative reproduction, found in species like crocuses and gladioli.

Stolons

Horizontal above-ground plant stems or runners that take root at various intervals, spreading asexually to produce new plants.