Business, 09.10.2019 01:00 PastryCrisp
Clyde operates a sole proprietorship using the cash method. this year clyde made the following expenditures: $480 to u. s. bank for 12 months of interest accruing on a business loan from september 1st of this year through august 31st of next year. $600 for 12 months of property insurance beginning on july 1 of this year. what is the maximum amount clyde can deduct this year?
a. $760
b. $600
c. $480
d. $160
e. $360
Answers: 3
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Clyde operates a sole proprietorship using the cash method. this year clyde made the following expen...
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