In February 2017,Amelia's Home,which Originally Cost $150,000,is Damaged by a Windstorm.Amelia

question 24

Multiple Choice

In February 2017,Amelia's home,which originally cost $150,000,is damaged by a windstorm.Amelia had refinanced the home shortly before the storm,and it was appraised at $200,000.After the storm,the home appraised at $120,000.Amelia has received no insurance reimbursement by December 31,but expects to recover 90 percent of the loss.In the subsequent year,the insurance company pays Amelia $50,000.Amelia's AGI is $85,000 in 2017,and her 2018 AGI is $80,000.Amelia suffers no other casualty losses in either year.Amelia may deduct

• A)$7,900 in 2017.
• B)$22,000 in 2018.
• C)$13,900 in 2018.
• D)$14,000 in 2018.

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Definitions:

Standard Precautions

Basic infection control practices used to prevent transmission of diseases that can be acquired by contact with blood, body fluids, non-intact skin, and mucous membranes.

Protective Apparel

Clothing or gear designed to safeguard individuals from physical, chemical, or biological hazards.

Clostridium Difficile

A bacterium that can cause symptoms ranging from diarrhea to life-threatening inflammation of the colon, often after the use of antibiotic medication.

Gown

A long dress typically worn on formal occasions.