Natasha Is a Self-Employed Private Language Tutor Natasha Also Attended a Seminar in Washington, D

question 50

Essay

Natasha is a self-employed private language tutor.In 2018, she obtained her teaching credentials, hoping to receive a job as a seventh grade public school English teacher.She had the following education expenses for the year: $\begin{array}{llcc} \text { Tuition to finish her credentials program } & \$ 5,000 \\ \text { Review course for the Teacher Certification Exam } &1,000\\\end{array}$
Natasha also attended a seminar in Washington, D.C., titled "The Motivated Student." Her expenses for the trip are as follows: $\begin{array}{llcc} \text { Fee for the course } &\$700 \\ \text {Airplane ticket } &500\\ \text {Hotel } &1,000\\ \text { Meals} &\underline{400}\\ \text { Total } &\underline{\$2,600}\\\end{array}$
Determine how much of the above expenses are deductible on her Schedule C.

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Definitions:

Excess Supply

A situation where the quantity of a good supplied is greater than the quantity demanded at the current price.

Good Y

A non-specific term used in economic models to represent a product or service, usually contrasted with another good, referred to as "Good X."

Fertilizer Prices

The cost for fertilizers, which are chemical or natural substances added to soil to improve its fertility and the growth of plants.

Supply Of

Refers to the total amount of a product or service that is available for purchase at any given price point in a given market.