In 2016, Sarah (Who Files as Single) Had Silverware Worth

question 79

Multiple Choice

In 2016, Sarah (who files as single) had silverware worth $10,000 (basis $6,000) stolen from her home. Sarah's insurance company told her that her policy did not cover the theft. Sarah's other itemized deductions last year were $2,000. She had AGI of $30,000 last year. In August of 2017, Sarah's insurance company decided that Sarah's policy did cover the theft of the silverware and they paid Sarah $5,000. Determine the tax treatment of the $5,000 received by Sarah during 2017.

• A)None of the $5,000 should be included in gross income.
• B)$2,900 should be included in gross income.
• C)$5,000 should be included in gross income.
• D)Last year's return should be amended to include the $5,000.
• E)None of the above.

Recognize the role of self-presentation tools like résumés and personal stories in securing employment.

Identify the significance of networking in the job search and career progression.

Grasp strategies for "thinking like an employer" to improve interview outcomes.

Acknowledge the value of career counseling services in enhancing job search skills, including interview preparation.

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Definitions:

Hyperthermia

An abnormally high body temperature, often resulting from extended exposure to hot conditions or inability of the body to cool down, potentially dangerous if not treated.

Anemia

A condition in which the blood doesn't have enough healthy red blood cells to carry adequate oxygen to the body's tissues.

Preterm Newborns

Newborns born before the completion of 37 weeks of pregnancy.

Frequent Blood Sampling

The process of regularly collecting blood samples from a patient for diagnostic or monitoring purposes.