Kelsey Enjoys Making Cupcakes as a Hobby and Occasionally Sells

question 5

Multiple Choice

Kelsey enjoys making cupcakes as a hobby and occasionally sells them for parties.Kelsey receives $1,000 in revenues from cupcake sales this year and pays $1,300 for supplies.Kelsey takes the standard deduction each year.The net effect of the cupcake activity on Kelsey's taxable income is

• A)$0.
• B)an increase of $1,000.
• C)a decrease of $300.
• D)a decrease of $280.

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Definitions:

Psychological Support

Emotional or mental assistance provided to individuals dealing with stressful events, mental health issues, or life changes through various therapeutic techniques.

Psychosis

A mental health condition characterized by a disconnection from reality, manifesting through symptoms such as hallucinations and delusions.

Schizophrenia

A chronic brain disorder characterized by delusions, hallucinations, disorganized speech or behavior, and impaired cognitive ability.

Egas Moniz

A Portuguese neurologist known for pioneering the development of cerebral angiography and the controversial prefrontal leucotomy, which won him a Nobel Prize in Physiology or Medicine in 1949.