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BARSIC [14]
3 years ago
9

42-43. For the following independent situation for an individual taxpayer. Item Use (Personal or Business) Business Basis $25,00

0 FMV before the casualty $17,000 FMV after the casualty None Adjusted gross income (before any allowable casualty loss) $50,000 Insurance proceeds $10,000 42. The starting point for the calculation of the loss deduction is:
Business
1 answer:
ch4aika [34]3 years ago
4 0

Answer:

$17,000

Explanation:

Fair market value before casualty is $17,000 while Fair market value after casualty is none. The starting point for the calculation of loss deduction will be based on the fair market value before casualty which is $17,000.

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OlgaM077 [116]

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4 0
3 years ago
Which dimension of the Big Five model refers to an individual's propensity to defer to others? A) conscientiousness B) agreeable
lisabon 2012 [21]

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agreeableness

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I hope my answer helps you

6 0
3 years ago
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melamori03 [73]

Answer:

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3 years ago
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