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

Question 159

Multiple Choice

Virginia, a practicing CPA, receives $11,000 from the sale of rare orchids that she grows. Her expenses of operating this hobby activity follow:
?
 Property taxes on the structures $4,500 Seeds, fertilizer, and bug sprays. 8,000 Depreciation on the structures 5,000\begin{array}{lr}\text { Property taxes on the structures } & \$ 4,500 \\\text { Seeds, fertilizer, and bug sprays. } & 8,000 \\\text { Depreciation on the structures } & 5,000\end{array}
How much of the expenses that Virginia incurs can be deducted by her?


A) $- 0 -
B) $4,500
C) $11,000
D) $12,500
E) $17,500

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