Today,the Low Cost of Setting Up Shop ________ Makes It

question 1

Multiple Choice

Today,the low cost of setting up shop ________ makes it even more profitable to serve very small niches.

• A)in malls in major cities
• B)in mail-order catalogues
• C)on the internet
• D)near major competitors
• E)far from competitors

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Definitions:

Section 179 Expense

A section of the IRS tax code allowing businesses to deduct the full purchase price of qualifying equipment and/or software within a tax year.

Separately Stated

Items on a tax return or financial statement that are listed individually to ensure proper treatment under tax laws or accounting rules.

Ordinary Income

Income earned from providing services or the sale of goods, as opposed to capital gains or investment income, taxed at standard rates.

Section 179 Expense

A tax deduction that allows businesses to deduct the full purchase price of qualifying equipment and/or software within a tax year.