Kim Owns and Operates a Restaurant on the North Side

question 162

Multiple Choice

Kim owns and operates a restaurant on the north side of Indianapolis. She is considering opening a day care center on the south side of town and incurs $10,400 of investigation expenses. In July of the current year, Kim opens the day care center. How much of the investigation expenses can Kim deduct in the current year?

• A)$- 0 -
• B)$5,000
• C)$1,540
• D)$5,180
• E)$10,400

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Definitions:

Enlist

To voluntarily sign up for military service or, more broadly, to join an organization or cause.

Union Forces

The armed forces of the United States (the North) during the American Civil War.

1863

The year 1863 is notable for several historical events, including the Emancipation Proclamation in the United States, which declared the freedom of slaves in Confederate-held territory during the American Civil War.

Northern Soldiers

Refers to the soldiers from the Union states who fought in the American Civil War against the Confederate states of the South.