Ramon started a new business in 2014 and incurred organization expenses of $51,000 and start up expenses
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Question:
Ramon started a new business in 2014 and incurred organization expenses of $51,000 and start up expenses of $32,000. Ramon opened his business on 8/26/2014. How much total 2014 tax deductions will Ramon be able to take for the above 2 items (rounded)?
a) $12,028
b) $11,056
c) $6,194
d) $2,036
e) None of the above
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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