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QUESTION NINE (4 pts.) In 2019, Mary had the following items: Salary Personal use casualty gain $30,000 10,000 Personal use casualty loss (after $100 floor)
QUESTION NINE (4 pts.) In 2019, Mary had the following items: Salary Personal use casualty gain $30,000 10,000 Personal use casualty loss (after $100 floor) Business Casualty Loss 17,000 Other itemized deductions 4,000 21,000 Assuming that Mary files as head of household (has one dependent child), determine her taxable income for 2019. None of the casualty items relate to a Federally declared disaster area. What is Mary's casualty loss deduction
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