on 3 (2 points! Mark and Kelly are married, Mark is 52 and Kelly is 49. They have a total AGI of 198.000 Mark's employer does not offer a pension plan and Kelly's employer des Ate weighing the pros and cons between a conventional IRA and a Roth IRA they decided on conventional IRA. This year they cach contributed the maximum lored to their Conventional TRA what is their allowed deduction? a) $0 b) $1,750 c) $3,000 d) $3,500 e) $6,000 Question 4 (2 points) For a trade or business expense to be deductiblc, the dominant motive for incurring an expense must be a) the relationship to a business activity Ob) tax avoidance c) the intent to earn a profit d) to reduce income taxes e) personal Question 5 (2 points) William owns a hardware store in Louisville. He has decided to expand his business interests and is considering opening a jewelry store in a neighboring town. He has incurred $18,000 of expenses investigating whether to open the new jewelry store. In July of the current year he finds the perfect location and opens the jewelry store on October 1. What amount of the investigation expenses can he deduct in the current year