Jasmine Started a New Business in the Current Year

question 19

Multiple Choice

Jasmine started a new business in the current year. She incurred $10,000 of start-up costs. How much of the start-up costs can be immediately deducted (excluding amounts amortized over 180 months) for the year?

• A)$0
• B)$2,500
• C)$5,000
• D)$10,000
• E)None of the choices are correct.

---

Definitions:

Master Document

A container file in word processing software that links to and organizes multiple subdocuments, enabling easier management of large projects.

Insert Table of Figures

A feature in document editing software that allows users to add a table listing the figures, charts, or images included in the document.

List of Figures

A section in a document, report, or book that lists the figures, illustrations, or images included in the work, typically with titles or captions and page numbers.

Insert Caption

The action of adding a title or brief explanation accompanying an illustration, chart, or photograph.