Jamie started a new business (a corporation) this year. She incurred organizational costs of $10,000 and start-up costs of $53,000. How much of the organizational and start-up costs can be immediately deducted (excluding amounts amortized over 180 months) for the year?

Multiple Choice

• None of the choices are correct

• $2,000

• $5,000

• $10,000

• $0.