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Just short answers, dont explain please 3. Sarah owns a vacation cabin in the Great Smoky Mountain National Park. Without considering the cabin, she has

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Just short answers, dont explain please
3. Sarah owns a vacation cabin in the Great Smoky Mountain National Park. Without considering the cabin, she has gross income of $65,000. During the year, she rents the cabin for two weeks for $2,500 and uses it herself for four weeks. The total expenses for the year are $10,000 mortgage interest; $1,500 property tax; $2,000 utilities, insurance, and maintenance; and $3,200 depreciation. Determine the gross income and deductible expenses of Sarah's 4. Anna owns a farm to raise HORSES. She respectively experienced following income (loss) in previous 5 years: S-1,000 in 2014, $500 in 2015, S-1,800 in 2016, S-800 in 2017, $200 in 2018. Should the activity be recognized as a hobby in 2017 and 2018? 5. Tom paid following expenses in 2018: $10,000 for personal life, $5,000 loss from sales of jewelry to his sister, $25,000 to repair the roof of his personal residence, $8,000 for his daughter's tuition. What's amount that Tom can deduct in 2018

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