Calculate tims deductible casualty loss

Assignment Help Financial Management

Reference no: EM132028489

Tim suffered greatly this year. In January, a freak storm damaged his sailboat and in July Tim's motorcycle was stolen from his vacation home.

Tim originally paid $27, 250 for the boat, but he was able to repair the damage for $7, 600.

Tim paid $16, 550 for the motorcycle, but it was worth $19, 050 before it was stolen.

Insurance reimbursed $1, 920 for the boat repairs and the cycle was uninsured. Calculate Tim's deductible casualty loss if his AGI is $50,000.

Calculate Tim's deductible casualty loss if his AGI is $150,000. How would you answer a.

if Tim received an additional $65,000 in interest from municipal bonds this year?

Reference no: EM132028489

Questions Cloud

What is the probability that the sample average is less : The time it takes to pay off a $50.000 car loan follows a normal distribution with a mean of 35 months and a standard deviation of 8 months.

What is the value of the stock : The stock promised to pay an annual dividend equal to 10.0% of the par value. If the appropriate discount rate for this stock is 14.0%.

Find the year two depreciation : Timco is considering the purchase of a new machine. The machine costs 34,000. It will cost 5000 to modify and install it.

What is the expected exchange rate at year end : At time zero the spot rate is $1.60 per GBP. Assume the next year the U.S. inflation will be 3% and British Inflation 4%.

Calculate tims deductible casualty loss : Insurance reimbursed $1, 920 for the boat repairs and the cycle was uninsured. Calculate Tim's deductible casualty loss if his AGI is $50,000.

Find each bonds price : The three U.S. Treasury bonds described below are traded in the market and pay annual coupons. Assume that the par amount for each bond is $100.

What will be your ipo price per share : Your investment banker advises you that the prices of other recent IPOs have been set such that the P/E ratios based on 2011 .

Find the weights for minimum variance portfolio : The probability distributions of the risky funds are: Find the weights (W and W) for minimum variance portfolio?

Can you determine why the logic in the problem is faulty : Perform a money balance, showing the net results among the five individuals (three students, clerk, and bellhop);

User Account

All Pages