*Please clearly indicate which answer is for what part.*
Tim suffered greatly this year. In January a freak storm damagedhis sailboat and in July Tim's motorcycle was stolen from hisvacation home. Tim originally paid $30,600 for the boat, but he wasable to repair the damage for $7,050. Tim paid $18,050 for themotorcycle, but it was worth $19,600 before it was stolen.Insurance reimbursed $1,540 for the boat repairs and the cycle wasuninsured.
a. Calculate Tim's deductible casualty loss ifhis AGI is $38,500.
b. Calculate Tim's deductible casualty loss ifhis AGI is $137,500.
c. How would you answer a. if Tim received anadditional $44,725 in interest from municipal bonds this year?
