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Martha was considering starting a new business. During her preliminary investigations related to the new venture, she incurred the following expenditures. Salaries $22,000 Travel $18,000

Martha was considering starting a new business. During her preliminary investigations related to the new venture, she incurred the following expenditures.

Salaries $22,000

Travel $18,000

Interest on short-term note $4,000

Professional fees $13,000

Martha begins the business on July 1 of the current year. If Martha elects Section 195 treatment, determine her startup expenditure deduction for the current year.

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