In the current year,Juan's home was burglarized.Juan had the following items stolen:

Juan's homeowner's policy had a $50,000 deductible clause for thefts.If Juan's salary for the year is $50,000,determine the amount of his itemized deductions as a result of the theft.
A)$3,100
B)$6,000
C)$26,100
D)$26,500
E)None of the above

Question

In the current year,Juan's home was burglarized.Juan had the following items stolen:
​

Juan's homeowner's policy had a $50,000 deductible clause for thefts.If Juan's salary for the year is $50,000,determine the amount of his itemized deductions as a result of the theft.
A)$3,100 
B)$6,000 
C)$26,100 
D)$26,500 
E)None of the above

Quizplus · Accepted Answer

The Answer of In the current year,Juan's home was burglarized.Juan had the following items stolen:
​

Juan's homeowner's policy had a $50,000 deductible clause for thefts.If Juan's salary for the year is $50,000,determine the amount of his itemized deductions as a result of the theft.
A)$3,100 
B)$6,000 
C)$26,100 
D)$26,500 
E)None of the above

In the Current Year,Juan's Home Was Burglarized