Juanita,who Is Single,is in an Automobile Accident in 2017 and Her

question 100

Multiple Choice

Juanita,who is single,is in an automobile accident in 2017 and her car sustains $6,200 in damages.Juanita does not expect to recover any of the loss from her insurance company.Juanita's 2017 AGI is $31,000,and she deducts a $3,000 loss after applying limitations on her 2017 tax return.Her other itemized deductions in 2017 exceed $12,000.In 2018,Juanita's insurance company reimburses her $2,800.Juanita's 2018 AGI is $28,000.As a result,Juanita must

• A)amend 2017 to show a $200 loss.
• B)do nothing and simply keep the $2,800.
• C)do nothing to the 2017 return but report $2,800 of income on her 2018 return.
• D)amend the 2017 return to show $0 loss and file her 2018 return to show a $200 loss.

Understand and calculate the expected value in gambling or betting scenarios.

Compare and contrast risk aversion, risk neutrality, and risk-loving behaviors in financial decisions.

Understand the elements and enforceability of contracts.

Distinguish between legal offers, invitations to treat, and unilateral and bilateral contracts.

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Definitions:

Under Use Of Antibiotics

The insufficient or inappropriate use of antibiotics which can lead to ineffective treatment of infections and contribute to the development of antibiotic resistance.

Holistic Medicine

A form of healing that considers the whole person—body, mind, spirit, and emotions—in the quest for optimal health and wellness.

Hospital Infection

Also known as nosocomial infections, these are infections acquired in a hospital or healthcare facility that were not present upon admittance.

Fourth Leading Cause

A reference to categorizing the most common causes of an event or condition, ranked as fourth in significance or frequency.