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Problem $5-58($LO $5-2)($Algo$)$

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$[$The following information applies to the questions displayed below.$]$

Priya works for the Shine Company, a retailer of upscale jewelry. How much taxable income does Priya recognize under the following scenarios?

Note: Round your answers to $2$ decimal places. Leave no answer blank. Enter zero if applicable.

Problem $5-58$ Part b $($Algo$)$

b$.$ Priya receives a $29$ percent discount on jewelry restoration services offered by Shine Company. This year, Priya had Shine Company repair a set of antique earrings $($normal repair cost $$950$; discounted price $$674\mathrm{.}50).$