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Problem 1: Carla's car was destroyed by fire while she was in the hospital with Covid. The car cost her $3000 and was worth $2000 when it was destroyed. She had no insurance. Her employer and employee decided to help her buy a new car that cost her $3500. Her employer contributed $2500 and her fellow employees raised $1500. She recovered from Covid and donated $500 of the $4000 to the American Red Cross. Which of the following is true?
Select one or more:
a. Carla's employer receives a deduction of $2500. b. Carla has recognized income of $2000 ($2500 less $500) c. Carla's receives a casualty loss deduction of $3000,d. Carla has recognized income of $2500 and an itemized deduction of $500e. Carla receives a casualty loss deduction of $2000. f. Carla has recognized income of $3500 ($4000 less $500)
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