Question 1 of 35 . A sole proprietorship that began business on May 1, 2021, incurred $7,500 of start-up expenses. If the business elects to report the maximum amount of start-up costs as a current expense, what is the amortization amount reported as an "other expense" on Schedule C (Form 1040) for the first year of business? $0$111$167$333 Mark for follow up Question 1 of 35 . A sole proprietorship that began business on May 1, 2021, incurred $7,500 of start-up expenses. If the business elects to report the maximum amount of start-up costs as a current expense, what is the amortization amount reported as an "other expense" on Schedule C (Form 1040) for the first year of business? $0$111$167$333 Mark for follow up