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QUESTION 2 11 points Save Answer In March of the current year, Marcus began investigating the possibility of opening a specialty clothing store. From March
QUESTION 2 11 points Save Answer In March of the current year, Marcus began investigating the possibility of opening a specialty clothing store. From March through June, he spent $2,300 on a market survey, $2,700 in consulting fees to find the best location and $3,600 in professional fees setting up an accounting and inventory system Although he had never run his own business before, on August 1 he opened his doors for business. What is the maximum amount of deduction for the current year attributable to these expenditures? $5,000 $8,600 $5,100 So
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