Determine ms chaburi minimum taxable income

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Problem 1: Zina Chaburi has a full time job as a nurse in her local hospital. In her spare time she has a goat farming operation. The goat farm began in 2017, and resulted in a loss of $10,000. She deducted the maximum allowable amount against her 2017 income. In 2018, most of the problems had been worked out, and Zina had a profit from the farm operation of $5,000, as well as employment income of $90,000. Determine Ms. Chaburi's minimum taxable income for 2018.

Option 1: $91,250

Option 2: $81,000

Option 3: $95,000

Option 4: $88,750

Reference no: EM132927991

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