Ivory, Inc., has taxable income of $600,000 and qualified production activities income (QPAI) of $700,000 in 2012. Ivory's domestic production activities deduction is: $42,000. $36,000. $54,000. $63,000. None of the above. Jim had a car accident in 2016 in which his car was completely destroyed. At the time of the accident, the car had a fair market value of $30,000 and an adjusted basis of $40,000. Jim used the car 100% of the time for personal use. Jim received an insurance recovery of 70% of the value of the car at the time of the accident. If Jim's AGI for the year is $60,000, determine his determine his deductible loss on the car. $2, 900. $900. $3,000. $9,000. None of the above. Alma is in the business of dairy farming. During the year, one of her barns was completely destroyed by fire. The adjusted basis of the barn was $90,000. The fair market value of the barn before the fire was $75,000. The barn was insured for 95% of its fair market value, and Alma recovered this amount under the insurance policy. Alma has adjusted gross income for the year of $40,000 (before considering the casualty). Determine the amount of loss she can deduct on her tax return for the current year. $14, 650. $3, 750. $14, 750. $18, 750. None of the above. Due to a merger, Rachel transfers from New York City to Albuquerque. Her moving expenses, which