Zina Chaburi has a full time job as a nurse in her local hospital. In her spare time she has a goat farming operation. The goat farm began in 2019, and resulted in a loss of $10,000. She deducted the maximum allowable amount against her 2019 income. In 2020, most of the problems had been worked out, and Zina had a profit from the farm operation of $5,000, as well as employment income of $90,000. Determine Ms. Chaburi's minimum taxable income for 2020.

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The Answer of Zina Chaburi has a full time job as a nurse in her local hospital. In her spare time she has a goat farming operation. The goat farm began in 2019, and resulted in a loss of $10,000. She deducted the maximum allowable amount against her 2019 income. In 2020, most of the problems had been worked out, and Zina had a profit from the farm operation of $5,000, as well as employment income of $90,000. Determine Ms. Chaburi's minimum taxable income for 2020.

Zina Chaburi Has a Full Time Job as a Nurse