Cate Purchases and Places in Service Property Costing $150,000 in 2015

question 58

Multiple Choice

Cate purchases and places in service property costing $150,000 in 2015. She wants to elect the maximum Sec. 179 deduction allowed. Her business income is $20,000. What is the amount of her allowable Sec. 179 deduction and carryover, if any?

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Definitions:

Sociologists

Scientists who study the development, structure, and functioning of human society, including social relationships, institutions, and behaviors.

Prejudice

A preconceived opinion or judgment, often grounded in irrational bias or stereotypes, against a person or group.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Difference

A point or way in which people or things are not the same.