In the current year, Wilson Enterprises, a calendar year taxpayer, suffers a casualty loss of $$162,500.$ The casualty was attributable to a Federally declared disaster. How much of the casualty loss will be deductible by Wilson under the following circumstances?

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a$.$ Wilson is an individual proprietor and has AGI of $$406,250.$ The casualty loss was a personal loss, and the insurance recovered was $$89,375$ before any limitations$.$

Wilson can claim a casualty loss as an itemized deduction of $fill in the blank dc$74$ef$02$ffeb$017\_1$

$.$

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b$.$ Assume Wilson is a corporation, and the insurance recovered was $$89,375$ before any limitations$.$

Wilson can deduct $fill in the blank $13$c$41$df$97$fb$5$fe$3\_1$

$.$