Tory considered opening a cupcake store in Denver. Tory is currently a full- time dentist. After spending $8,600 on a market study, he decided against opening the store on August 1. What is the maximum amount of deduction for the current year attributable to this expenditure?
A) $6,800
B) $5,600
C) $5,000
D) $0
Correct Answer:
Verified
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