1. Zig Corporation incurs advertising and training costs of $52,500 before its business actually begins. Zig Corporation began business on May 1, 2018. Compute the maximum amount of Zig Corporations deduction for start-up costs for 2018.

2. John Porter, the sole shareholder of Canit Inc., incurred the following expenses for the year that were reimbursed by the company:

Parking tickets incurred while of business $550

Traffic ticket for running a stop sign when going to a business meeting $150

Political contributions on behalf of the company $750

What is the amount of expenses that Canit Inc. can deduct?