On July 1 of the current year, Jeremiah Company purchased and placed into service factory machinery to be used in its operations. The machinery cost $150,000 and qualifies as 7-year MACRS property. The machines were the only assets placed into service during the year. Jeremiah elects to expense the maximum under bonus depreciation and nothing under Section 179. The companys taxable income before any deduction related to the machines is $80,000. Assume the depreciation table percentages are 14.29% for Year 1 and 24.49% for Year 2. What is the total maximum expense deduction for these machines in the current year? SHOW WORK FOR PARTIAL CREDIT.