Alex, who is single, conducts an activity in 2016 that is appropriately classified as a hobby. the activity produces the following revenues and expenses:

revenue $18,000
property taxes 3,000
materials and supplies 4,500
utilities 2,000
advertising 5,000
insurance 750
depreciation 4,000

without regard to this activity, alex’s agi is $42,000. determine the amount of income alex must report, the amount of the expenses he is permitted to deduct, and his taxable income.

On january 1, jackson, inc.'s work-process inventory account showed a balance of $ 66,500. during the year, materials requisitioned for use in production amounted to $ 70,500, of which $ 67,700 represented direct materials. factory wages for the period were $ 210,000 of which $ 187,000 were for direct labor. manufacturing overhead is allocated on the basis of 60% of direct labor cost. actual overhead was $ 116,050. jobs costing $ 353,060 were completed during the year. the december 31 balance in work-process inventory is

When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. puréed. d. sweated.

In william rathje's garbology project that focused on household waste, front door interviews found 15 percent of respondents saying that they consumed beer. the trash discard from the same area showed what percentage of household's consuming beer