Constance,who Is Single,is in an Automobile Accident in 2013,and Her

question 90

Multiple Choice

Constance,who is single,is in an automobile accident in 2013,and her car sustains $6,200 in damages.Because both drivers received tickets in the accident,Constance does not expect to recover any of the loss from her insurance company.Constance's 2013 AGI is $31,000.Her casualty loss is $3,000; she has other itemized deductions of $1,200.In 2014,Constance's insurance company reimburses her $2,800.Constance's 2014 AGI is $28,000.As a result,Constance must

• A)amend the 2013 return to show the $200 loss.
• B)do nothing and simply keep the $2,800.
• C)amend the 2013 return to show $0 loss and file her 2014 return to show $200 loss.
• D)do nothing to the 2013 return but report $2,800 of income on her 2014 return.

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Definitions:

Prospective Memory

Involves remembering to perform a planned action or recall a planned intention at some future point in time.

Testing Effect

The enhanced memory retention and recall ability resulting from testing oneself on learned material, as opposed to simply studying or reviewing it.

Enriched Encoding

A memory enhancement technique that involves adding additional context or meaning to information to aid in its retrieval.

Quizzes

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