Andrew's Hobby Is Painting

question 52

Multiple Choice

Andrew's hobby is painting.During the current year,Andrew sold three of his paintings for a total of $2,200.His related expenses include $800 utilities,$1,200 supplies,and $400 in depreciation.Of these expenses incurred,how much can Andrew deduct in the current year?

• A)$0
• B)$2,000
• C)$2,200
• D)$2,400

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A variable linked to the numerical results derived from unpredictable events.

Exchange Rate

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Exchange Rate

The value of one currency for the purpose of conversion to another, dictating how much one currency is worth in terms of the other.