Juanita, single and age 43, reports the following items for 2019: $$\begin{array} { l r }
\text { Salary } & \$ 60,000 \
\text { Interest income } & 6,000 \
\text { Casualty loss on business property } & ( 15,000 ) \
\text { Casualty loss on rental property } & ( 5,000 ) \
\text { Loss on theft of securities } & ( 8,000 ) \
\text { Personal casualty gains } & 9,000 \
\text { Personal casualty loss (after } \$ 100 \text { floor) } & ( 13,000 ) \
\text { Other itemized deductions } & ( 9,000 )
\end{array}$$ Compute Juanita's taxable income for 2019.

Question

Juanita, single and age 43, reports the following items for 2019: $$\begin{array} { l r } 
\text { Salary } & \$ 60,000 \
\text { Interest income } & 6,000 \
\text { Casualty loss on business property } & ( 15,000 ) \
\text { Casualty loss on rental property } & ( 5,000 ) \
\text { Loss on theft of securities } & ( 8,000 ) \
\text { Personal casualty gains } & 9,000 \
\text { Personal casualty loss (after } \$ 100 \text { floor) } & ( 13,000 ) \
\text { Other itemized deductions } & ( 9,000 )
\end{array}$$ Compute Juanita's taxable income for 2019.

Quizplus · Accepted Answer

The Answer of Juanita, single and age 43, reports the following items for 2019: $$\begin{array} { l r } 
\text { Salary } & \$ 60,000 \
\text { Interest income } & 6,000 \
\text { Casualty loss on business property } & ( 15,000 ) \
\text { Casualty loss on rental property } & ( 5,000 ) \
\text { Loss on theft of securities } & ( 8,000 ) \
\text { Personal casualty gains } & 9,000 \
\text { Personal casualty loss (after } \$ 100 \text { floor) } & ( 13,000 ) \
\text { Other itemized deductions } & ( 9,000 )
\end{array}$$ Compute Juanita's taxable income for 2019.

Juanita, Single and Age 43, Reports the Following Items for 2019