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What is the maximum amount of these expenditures

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Problem - Egret Corporation, a calendar year C corporation, was formed on March 6, 2019, and opened for business on July 1, 2019. After its formation but prior to opening for business, Egret incurred the following expenditures:

Accounting $7,000

Advertising 14,500

Employee payroll 11,000

Rent 8,000

Utilities 1,000

Required - What is the maximum amount of these expenditures that Egret can deduct in 2019?

Reference no: EM132661004

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