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In 2016,Marci Is Considering Starting a New Business

question 91

Essay

In 2016,Marci is considering starting a new business.Marci incurs the following costs associated with this venture.
Advertising
$ 5,000
Travel
10,000
Market surveys
8,000
Professional services
30,000
Interest expense
2,000
Taxes
1,000
Marci started the new business on January 5,2017.Determine the deduction for Marci's startup costs for 2016.


Definitions:

Creative Problem Solving

A method involving imagination and innovation to find solutions to complex issues.

Conflict Resolution

Conflict resolution involves strategies and processes aimed at resolving disputes and disagreements between parties.

Cooperativeness

The willingness to work together with others towards a common goal or interest.

Assertiveness

The trait of possessing confidence and self-assurance while avoiding aggressiveness.

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