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3. In 2018, months after the Haddonfield disaster, Laurie Strode was involved in an automobile accident. Her car was used 60% for business and 40%

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3. In 2018, months after the Haddonfield disaster, Laurie Strode was involved in an automobile accident. Her car was used 60% for business and 40% for personal use. The car had originally cost S50,000. At the time of the accident, the car was worth $20,000 and Laurie had taken $8,000 of depreciation. Laurie was uninsured and the vehicle was completely destroyed. Laurie's AGI is $80,000 (before considering the loss). a. What is the loss amount? b. Determine the amount of the business and personal use casualty deductions. c. What is her AGI after the loss? 4. In 2018, Karen Strode is married and files a joint return. She operates a sole proprietorship in which she materially participates. Her proprietorship generates gross income of $325,000 and deductions of $625,000, resulting in a loss of 300,000. What is Cindy's excess business loss for the year

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