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Problem $5-58($LO $5-2)($Static$)$

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Priya works for the Shine Company, a retailer of upscale jewelry. How much taxable income does Priya recognize under the following scenarios?

Note: Leave no answer blank. Enter zero if applicable.

Problem $5-58$ Part b $($Static$)$

b$.$ Priya receives a $25$ percent discount on jewelry restoration services offered by Shine Company. This year, Priya had Shine Company repair a set of antique earrings $($normal repair cost $$500$; discounted price $$375).$