Question - 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?