Ficus, Inc. began business on March 1 of the current year, and elected to file its income tax return on a calendar-year basis. The corporation incurred $800 in organizational expenditures. Assuming the corporation does not elect to expense but chooses to amortize the costs over 180 months, the maximum allowable deduction for amortization of organizational expenditures in the current year is:

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The maximum allowable deduction for amortization of organizational expenditures in the current year is calculated by dividing the total expenditures ($800) by the amortization period (180 months) and then multiplying by the number of months in the current year the business was in operation (10 months, from March to December). This calculation results in $44.44 ($800 / 180 months * 10 months = $44.44).