Manny places a total of $5,000 of 7-year equipment into service in 2021. His net taxable income before depreciation on his Schedule C is $2,000. His Form W-2 income is $40,000. What is the maximum allowable Section 179 expense that Manny may deduct on his 2021 tax return in relation to his Schedule C business? O A. $3,000 O B. $5,000 O C. $42,000 O D. $1,050,000