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What is the amount of marsha''s taxable income

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Question - Marsha Brady, a lawyer, whose filing status is single and has no dependents, operates a small pottery business in her spare time. During 2018, she reported the following income and expenses from this activity that is classified as a hobby:

Revenue from sale of pottery $9,000

Depreciation on potter's wheel (3,700)

Property taxes on her pottery shed (2,800)

Supplies used such as clay, etc. (3,300)

In addition, she had salary of $65,000 and itemized deductions, not including any listed above, of $10,150.

What is the amount of Marsha's taxable income in 2018?

Reference no: EM132158329

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