Homer Is an Executive Who Is Paid a Salary of $80,000

Essay

Homer is an executive who is paid a salary of $80,000. Homer also paints landscapes as a hobby. This year Homer expects to sell paintings for a total of $750 and incur the following expenses associated with his painting activities:
$\begin{array}{r}\text {Travel}&\$ 1,480 \\\text {Paints and canvas}&610\\\text {Painting classes}&230\end{array}$ What is the effect of Homer's hobby on his taxable income?