Virginia, a practicing CPA, receives $11,000 from the sale of rare orchids that she grows. Her expenses of operating this hobby activity follow: How much of the expenses that Virginia incurs can be deducted as hobby expenses?
A) $ - 0 -
B) $ 4,500
C) $11,000
D) $12,500
E) $17,500

Question

Virginia, a practicing CPA, receives $11,000 from the sale of rare orchids that she grows. Her expenses of operating this hobby activity follow:  How much of the expenses that Virginia incurs can be deducted as hobby expenses?
A) $ - 0 - 
B) $ 4,500 
C) $11,000 
D) $12,500 
E) $17,500

Quizplus · Accepted Answer

The Answer of Virginia, a practicing CPA, receives $11,000 from the sale of rare orchids that she grows. Her expenses of operating this hobby activity follow:  How much of the expenses that Virginia incurs can be deducted as hobby expenses?
A) $ - 0 - 
B) $ 4,500 
C) $11,000 
D) $12,500 
E) $17,500

Virginia, a Practicing CPA, Receives $11,000 from the Sale of Rare