Tangible Corporation started in business on April 1 of this year.It incurred $20,000 in attorney's fees to draft articles of incorporation and structure the by-laws, $10,000 to set up books and records in accordance with state law, $12,000 to an investment bank to sell the shares to investors, and $13,000 in fees paid to the state to incorporate.Tangible's maximum organizational costs deduction for the year is:

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The Answer of Tangible Corporation started in business on April 1 of this year.It incurred $20,000 in attorney's fees to draft articles of incorporation and structure the by-laws, $10,000 to set up books and records in accordance with state law, $12,000 to an investment bank to sell the shares to investors, and $13,000 in fees paid to the state to incorporate.Tangible's maximum organizational costs deduction for the year is:

Tangible Corporation Started in Business on April 1 of This