In March of the Current Year,Marcus Began Investigating the Possibility

question 92

Multiple Choice

In March of the current year,Marcus began investigating the possibility of opening a specialty clothing store.From March through June,he spent $2,300 on a market survey,$2,700 in consulting fees to find the best location and $3,600 in professional fees setting up an accounting and inventory system.Although he had never run his own business before,on August 1 he opened his doors for business.What is the maximum amount of deduction for the current year attributable to these expenditures?

• A)$0
• B)$5,000
• C)$5,100
• D)$8,600

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Definitions:

Posterior Chest

The rear part of the chest, which includes the back of the rib cage and spine area, typically involved in respiratory assessments.

Auscultatory Site

A specific area on the body where internal sounds, such as heart or lung sounds, are best heard with a stethoscope.

Side-to-Side Comparison

A diagnostic approach where the function or structure of one side of the body is compared to the other to identify abnormalities.

Thorax

The part of the body between the neck and the abdomen, encased by the rib cage, and containing the heart and lungs.