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Vicki owns and operates a news agency (as a sole proprietorship) . During 2012, she incurred expenses of $24,000 to increase circulation of newspapers and magazines that her agency distributes. For regular income tax purposes, she elected to expense the $24,000 in 2012. In addition, Vicki incurred $15,000 in circulation expenditures in 2013 and again elected expense treatment.What AMT adjustments will be required in 2012 and 2013 as a result of the circulation expenditures?
Social Programs
Initiatives typically provided by the government or NGOs aimed at improving social welfare and providing assistance to the needy.
Liberal Democrats
A political party or individuals advocating for political liberalism, emphasizing civil liberties, democracy, and social and economic equality.
Actor
A person who performs in theatrical, film, television, or other narrative roles for entertainment, assuming characters distinct from their own personal identity.
Human Rights
The basic rights and freedoms that belong to every person in the world, from birth until death.
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