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:

Diffusion Of Responsibility

Occurs when a person fails to take responsibility for actions or for inaction because of the presence of other people who are seen to share the responsibility.

Altruism

Altruism is the principle or practice of concern for the welfare of others, often manifesting in selfless acts.

Milgram Experiment

A series of social psychology experiments conducted by Stanley Milgram, which measured the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.

Roles

Roles refer to the expected behaviors, duties, and responsibilities associated with a particular social position or status within a group or society.