Alicia Was Involved in an Automobile Accident in 2017

question 13

Multiple Choice

Alicia was involved in an automobile accident in 2017. Her car was used 60% for business and 40% for personal use. The car had originally cost $40,000. At the time of the accident, the car was worth $20,000 and Alicia had taken $8,000 of depreciation. The car was totally destroyed and Alicia had let her car insurance expire. If Alicia's AGI is $50,000 (before considering the loss) , determine her itemized deduction for the casualty loss.

• A)$4,500
• B)$6,100
• C)$8,000
• D)$24,000
• E)None of the above

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Definitions:

Population Development

The study of changes in population numbers, composition, and distribution, and how these changes affect socio-economic development.

Crude Birth Rate

The number of live births per 1,000 population in a given year.

Live Births

The event of giving birth to a baby who shows signs of life after being born.

Population

Is the entire group about which a researcher wishes to generalize.