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 Orchids