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Pierre makes birdhouses in his spare time. He earned $4,800 selling the birdhouses during the year and incurred expenses as follows: Supplies $3,500 Depreciation on
Pierre makes birdhouses in his spare time. He earned $4,800 selling the birdhouses during the year and incurred expenses as follows: Supplies $3,500 Depreciation on tools 975 Booth rental at craft fairs 300 Vendor registration fee for art festival 100 Total $4,875 His AGI, without considering the effect of the sales of the birdhouses, is $31,000 and his personal exemption is $3,800. Calculate the following if the activity is
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