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Calculate the maximum deduction for organizational expenses

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Problem - Maize Corporation (a calendar year taxpayer) was formed on April 1, 2019. Calculate the maximum deduction for organizational expenses for 2019 if these costs were:

a. $4,000.

b. $24,000.

c. $54,000.

d. $64,000.

e. Using spreadsheet software such as Microsoft Excel, build a template that will calculate the first year's maximum deduction for organization expenses using only the input of the date the business started and the total amount of organizational costs. Your spreadsheet should be constructed to calculate parts (a) through (d) above, with no manual intervention other than input of the total costs.

Reference no: EM132673381

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