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Marsha Brady, a lawyer, whose filing status is single, operates a small pottery business in her spare time. During 2016, she reported the following income
Marsha Brady, a lawyer, whose filing status is single, operates a small pottery business in her spare time. During 2016, she reported the following income and expenses from this activity which is classified as a hobby: revenue from sale of pottery $9000; depreciation on potter's wheel ($3700);property taxes on her pottery she'd ($1500);supplies used such as clay ($6300) in addition she had a salary of $40,000 and itemized deductions, not including any listed above, of $5150. what is the amount of Marsha's taxable income in 2016?
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