Hello Ann,
The amount of money you take in from a sale would be considered gross income ( $18 for clock)
The amount of money you spent to make the income would be an expense ( $15 for clock)
The net profit would be the gross income minus the expense ($3 for the clock)
You will be taxed ( income tax and self emplyment tax) on the net profit.
Here are a couple of links that will be helpful
https://turbotax.intuit.com/tax-tips/self-employment-taxes/beginners-tax-guide-for-the-self-employed...
https://turbotax.intuit.com/tax-tips/self-employment-taxes/top-tax-write-offs-for-the-self-employed/...
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