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 $7,000advertising 14,500employee payroll 11,000rent 8,000utilities 1,000what is the maximum amount of these expenditures that egret can deduct in 2019?

$6,217

Explanation:

Total expenditure incurred = $7,000 + $14,500 + $11,000 + $8,000 + $1,000

= $41,500

If Egret Selects to make, sec 195 election, then he can deduct $5,000 initially and the remaining in equal 180 installments.

her, in the given instance total months in current year = 1 July to 31 December = 6 months.

Therefore, deduction shall be

$5,000 + = 6,217

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.