Tory Considered Opening a Cupcake Store in Denver

question 97

Multiple Choice

Tory considered opening a cupcake store in Denver.He is not operating a similar business in any other location.After spending $8,600 on a market study,he decided against opening the store on August 1.What is the maximum amount of deduction for the current year attributable to this expenditure?

• A)$0
• B)$5,000
• C)$5,600
• D)$6,800

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Definitions:

Inconsistent

Inconsistent describes a system of equations that has no solution, meaning there is no set of values that satisfy all equations simultaneously.

Value Of K

A specific quantity or variable that needs to be identified or solved for in an equation or mathematical problem.

Y-Intercept

The y-intercept is the point where a graph intersects the y-axis, typically represented as the value of y when x equals 0.

Noncollinear Points

A set of three or more points that do not all lie on a single straight line.