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Please help me answer the following questions in correspondence with 2016 tax laws: Joe owns...

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Accounting

Please help me answer the following questions in correspondence with 2016 tax laws:

Joe owns a vacation house but rents it during the College football season for 4 weekends (12 days). He gets $2,000 per weekend. Joe uses the home at other times for about 50 days during the year. Expenses are $10,000, not including interest and taxes. How much income must Joe report from the property?

a.) $1,500

b.) $8,000

c.) $0

d.) None of the above

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