solve this

Inbox - palomoperla@gmail.c( x | D21 Chapter 6 Homework - 2025s x Question 17 - Chapter 6 Hom X Dashboard X + G 2o ezto.mheducation.com/ext/map/index.html?_con=conexternal_browser=0launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%25... P S All Bookmarks Chapter 6 Homework i Saved Help Save Exit Submit 17 Penny, a full-time biochemist, loves stock car racing. To feed her passion, she bought a used dirt-track car and has started entering some local dirt-track races. The prize money is pretty small ($1,000 for the winner), but she really is not in it for the money. Penny reported the following income and expenses from her nights at the track: Prize money $ 2,500 1.5 Expenses : points Transportation from her home to the races 1, 000 Depreciation on the dirt-track car 4, 000 Entry fees 3,500 Oil, gas, supplies, repairs for the dirt-track car 2, 050 eBook What are the tax effects of Penny's racing income and expenses assuming that the racing activity is a hobby for Penny? Penny's racing income Print Penny's racing expense Gross income for tax In References Mc Graw Hill