Abigail's Hobby Is Sculpting

question 125

Multiple Choice

Abigail's hobby is sculpting.During the current year,Abigail sold three of her sculptures for a total of $3,200.Her related expenses include $1,500 in utilities,$1,200 in supplies and $900 in depreciation.Of the total expenses incurred,Abigail may deduct

• A)$0.
• B)$1,500 in utilities and $1,200 in supplies.
• C)$1,500 in utilities,$1,200 in supplies,and $500 in depreciation.
• D)$1,500 in utilities,$1,200 in supplies and $900 in depreciation.

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Definitions:

Filipino Insurrection

The Filipino Insurrection, also known as the Philippine-American War, was a conflict fought between the United States and Filipino revolutionaries from 1899 to 1902, following the U.S. acquisition of the Philippines from Spain.

Free Silver

A political movement in the late 19th and early 20th centuries advocating for the unrestricted minting of silver coins to increase the money supply.

Chinese Immigrants

Individuals from China who have moved to another country, historically significant in the 19th and early 20th centuries for their role in labor and the building of the Transcontinental Railroad in the United States.

Discrimination

Unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation, rather than individual merit.