Moving to the next question prevents changes to this answer. Question 34 of 50 Question 34 1 points Save an Sean is a tax accountant who races drones as his hobby. This year, Sean received $80,000 in wages from his employer and won $2.000 in race prizes. Sean incurred a total of 4.200 on his hobby as follows: 5500 in transportation expenses, 5350 in overnight hotel expenses, $2,800 for his racing drone, and $550 in upgrades and repairs for his racing drone. What is the effect of the racing activities on Sean's taxable income? Assume that Sean itemizes his deductions but has no other miscellaneous itemized deductions Increase in taxable income of $2,000 o increase in taxable income of $1,640 O no change in taxable income o decrease in taxable income of $560 decrease in taxable income of $2,200 None of the above Question 34 of 50