During 2016, Pam incurred the following casualty losses: All of the items were destroyed in the same

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During 2016, Pam incurred the following casualty losses:

During 2016, Pam incurred the following casualty losses:
All of the

All of the items were destroyed in the same casualty. Before considering the casualty items, Pam reports business income of $80,000, qualified residential interest of $6,000 property taxes on her personal residence of $2,000, and charitable contributions of $4,000. Compute Pam's taxable income for 2016. Pam is single.

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Federal Taxation 2017 Comprehensive

ISBN: 9780134421438

30th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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