During 2016,Pamela worked two "jobs." She performed financial consulting activities for 1,000 hours and real estate development and rental activities for 1,200 hours.Her real estate development and rental activities produced a loss of $35,000.Her financial consulting generated a net business income of $40,000.How much of the loss can Pamela deduct against her financial consulting income?
A) $-0-
B) $17,500
C) $25,000
D) $35,000
E) $40,000
Correct Answer:
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