Gladys owns a retail hardware store in Tangipahoa.She is considering opening a business in Hammond,a community located 25 miles away.She incurs expenses of $60,000 in 2010 in investigating the feasibility and desirability of doing so.What amount can Gladys deduct in 2010 if the business is:
Definitions:
Economic Colony
A region or country under the economic control or influence of another, often exploited for its resources.
Prime Exporter
A country or firm that is the leading seller of goods or services to foreign countries, thereby holding a significant share of international trade in certain commodities or products.
Trade Surplus
A situation where a country exports more goods and services than it imports, leading to a positive balance of trade.
Tariffs
Taxes imposed on imported goods, often used to protect domestic industries from foreign competition.
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