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Ilene Owns an Unincorporated Manufacturing Business

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Ilene owns an unincorporated manufacturing business.In 2014,she purchases and places in service $206,000 of qualifying five-year equipment for use in her business.Her taxable income from the business before any Sec.179 deduction is $17,000.Elaine takes the maximum allowable deduction under section 179.Which of the following statements is true regarding the Sec.179 election?

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Definitions:

On-site Care Facilities

Healthcare services provided within the premises of an organization to cater to the medical needs of its employees.

Employee Productivity

The measure of an employee's efficiency in producing goods or services within a specified time frame, often evaluated to improve business operations.

Benefit Packages

A collection of non-wage compensations provided to employees in addition to their normal salaries or wages.

Non-contributory Plan

A benefits arrangement where only the employer bears the cost of premiums, requiring no monetary contribution from employees.

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