Riley operates a plumbing business, and this year the three-year-old van he used in the business was destroyed in a traffic accident. the van was originally purchased for $20,000 and the adjusted basis was $5,800 at the time of the accident. although the van was worth $6,000 at the time of accident, insurance only paid riley $1,200 for the loss. what is the amount of riley's casualty loss deduction?

Of the four types of discharge, firing a. results from an employee's poor performance⎯that is, from his or her failure to fulfill expectations.b. is for-cause dismissal⎯the result of employee theft, gross insubordination, release of proprietary information, and so on.c. usually refers to the temporary unemployment experienced by hourly employees and implies that they are "subject to recall."d. designates the permanent elimination of a job as a result of workforce reduction, plant closing, or departmental consolidation.