Sandra turns 71 last year and made 6500 contributions to his Roth IRA. his income for the year was 76400. How much of the contribution can be deducted on his form 1040?

a) 6500

b) 5500

c) 0 because it should be deducted on Schedule A

d) 0, because his contribution is nondeductible

A taxpayer's house was destroyed by a hurricane in year one. the area where the house was located was declared a federal disaster area. the fair value of the home before the hurricane was 150,000. After the hurricane, the fair value of the home was 125,000. The tax payer adjusted basis in the house was 100,000. The taxpayer received 10,000 in insurance reimbursements. If the taxpayer elects to itemize deductions and has adjusted gross income for year 1 of 40,000, what is the taxpayer's casualty loss deduction for year 1?

a) 10,900

b)11,000

c)14,900

d)15,000