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Elodia [21]
3 years ago
9

Danny operates a plumbing business, and this year the three-year-old van he used in the business was destroyed in a traffic acci

dent. The van was originally purchased for $20,000 and the adjusted basis was $5,800 at the time of the accident. Although the van was worth $6,000 at the time of accident, insurance only paid Danny $1,200 for the loss. What is the amount of Danny's casualty loss deduction?
Business
1 answer:
seropon [69]3 years ago
3 0

Answer:

$4,600

Explanation:

Casualty loss deduction = Adjusted basis - insurance compensation = 5800-1200= $4,600

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. Qiang, an Asian employee, working at Rapid Fire Inc., is terminated on the grounds that he is homosexual. He wants to file a d
erica [24]

Answer:

he was discriminated solely based on his sexual orientation.

Explanation:

The Title VII of the Civil Rights Act of 1964 stated that all employers in united states are prohibited to discriminate their employees based on race, religion, gender, national origin, and sexual orientation.

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3 years ago
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