Jim was in an auto accident this year. Jim paid $2,450 to repair his car after the accident and his insurance only reimbursed him $400. Jim bought his car several years ago for $1,500. What is the amount of casualty loss from this accident before Jim applies any casualty loss floor limitations?
A. $2,450
B. $2,050
C. $1,500
D. $1,100
E. None of these is correct.
Answer: D. $1,100