Question: . Marsha Brady, a lawyer, whose filing status is single, is not blind, is under the age of 6 5 , and has 1 dependent,

. Marsha Brady, a lawyer, whose filing status is single, is not blind, is under the age of 65, and has 1 dependent, operates a small pottery business in her spare time.
Net revenue from sale of pottery
$12,850
Expenses from sale of pottery:
Depreciation on potter's wheel
4,700
Property taxes on her pottery shed
3,650
Supplies used such as clay, etc.
6,630
In addition, she had salary of $63,100 and itemized deductions, not including any listed above, of $11,980.
a. During 2024, if Marsha classified the above income and expenses from this activity as a hobby:
What is the amount of Marshas AGI in 2024?
AGI: Salary 63,100+ Hobby Income 12,850=
63,100+12,850= $75,950
What is the amount of Marshas taxable income in 2024(ignoring any qualified business income deduction)?

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