QUESTION 9 Carol's house was damaged in a storm in a federally declared disaster area. Her basis (cost) in the house was $175,000, and the storm caused the value to drop from $400,000 before the storm to $275,000 after the storm. Her insurance company paid her $100,000, and her adjusted gross income was $80,000. What will her casualty loss deduction be? $16,900 $17,000 $66,900 $67,000 QUESTION 10 Gary has a vacation home that he uses personally for 16 days, and rents out to tenants for half the year (180 days). His expenses allocated to the rental activity total $12,500, and he receives rent of $11,000, so he has a loss of $1,500. True or False: He cannot deduct his loss because he used the property too much for personal purposes (over 14 days). O True False QUESTION 11 In 2019, Vera spends $25,000 on start-up costs to decide whether to start a new business, and another $20,000 in 2020. She finally decides to start the business and it opens for customers on August 1, 2020. How much of her costs will she deduct in 2021. (Note: I am asking what her deduction will be for 2021, not 2020.) O $2,667. $3,000. O $4,100. O $4,500