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During 2016, Jenny Merchant purchased several pieces of equipment with a total cost of $90,000 for use in her sole proprietorship. Jenny has taxable (earned) income from her business of $8,000 (without regard to the Section 179 expense). She also has wages from a part-time teaching job of $9,000.
What is Jenny's allowable Section 179 deduction?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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