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Racine started a new business in the current year. She incurred $53,000 of start-up costs. If her business started on November 24rd of the current
Racine started a new business in the current year. She incurred $53,000 of start-up costs. If her business started on November 24rd of the current year, what is the total expense she may deduct with respect to the start-up costs for her initial year, rounded to the nearest whole number? Show your work.
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