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:

Personality Test

A psychological instrument or questionnaire designed to reveal aspects of an individual's character or psychological makeup.

Thematic Apperception Test

A projective psychological test where individuals express their thoughts and feelings through the stories they create about ambiguous pictures.

Rorschach Test

A psychological test in which subjects' perceptions of inkblots are analyzed as a measure of emotional and intellectual functioning.

Story

A narrative, either true or fictitious, designed to interest, amuse, or instruct the listener or reader.