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6.3.11. During the current year, William Clark, an employee of Helton Corporation, was assessed a deficiency on his federal income tax return from the previous

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6.3.11. During the current year, William Clark, an employee of Helton Corporation, was assessed a deficiency on his federal income tax return from the previous year. As a result of this assessment, he was equired to pay $1,120, determined as follows: Additional tax Late filing penalty Negligence penalty Interest $900 60 90 70 The additional assessment is the result of a deduction daimed with respect to Clark's personal residence. What portion of the $1,120 outlay qualifies as deductions for the current year? A. $0 B. $10 C. S220 D. $970 6.4.1. Money or property given to the following is deductible as charitable contributions except 2 Nonprofit schools or hospitals. B. Civic leagues and chambers of commerce. C. Churches, synagogues, temples, mosques, and other religious organizations. D. War veterans' groups. 6.5.3. Which of the conditions below is not required for a taxpayer to claim a casualty loss deduction if his or her personal residence is demolished or relocated fter a disaster? The residence is damaged as a result of the disaster. A. The residence is located in an area designated to warrant assistance under the Disaster Relief Act of 1974 B. The residence has been rendered unsafe for use as a residence owing to the disaster. C. Within 120 days of the disaster relief determination, the state or local government orders the residence demolished or relocated. D

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