RECOMMENDED!!ACCT 101-Jerry, a lawyer, 36, not blind, whose filing

  

Jerry, a lawyer, 36, not blind, whose filing status is married filing separately, operates a small pottery business in his spare time. During 2017, he reported the following income and expenses from this activity which is classified as a trade or business.Revenue from sale of pottery $ 11,500 Depreciation on potter’s wheel (2,900)Property taxes on pottery shed (3,500)Supplies used such as clay, etc. (6,700) In addition, he had salary of $40,000 and itemized deductions, not including any listed above, of $4,975.What is the amount of Jerry’s taxable income in 2017?

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