Morgan,a banker,is an amateur photographer who takes pictures at weddings and parties.He earned $1,000 but incurred $1,200 in related expenses.Since he takes a standard deduction,he will have to include the $1,000 in income but will not get any benefit from the expenses.

Question

Quizplus · Accepted Answer

Since Morgan takes a standard deduction, he cannot itemize his deductions for the expenses he incurred as an amateur photographer. Therefore, he will have to include the $1,000 he earned in his income but cannot deduct his expenses from it.

Morgan,a Banker,is an Amateur Photographer Who Takes Pictures at Weddings