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[solution]: Faraji traveled to a neighboring state to investigate the


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Faraji traveled to a neighboring state to investigate the purchase of a discount shoe store. His expenses included travel, legal, accounting, and miscellaneous expenses. The total was $30,000. He incurred the expenses in June and July of 2015. In each of the following scenarios, what can Faraji deduct in 2015? In your computations, round the per-month amount to the nearest dollar.

If an amount is zero, enter 0.

a.  Faraji was in the discount shoe store business and did not acquire the discount shoe store. 
$

b.  Faraji was in the discount shoe store business. He acquired the discount shoe store and began operating it on August 1, 2015. 
$

c.  Faraji did not acquire the discount shoe store and was not in the discount shoe store business. 
$

d.  Faraji acquired the discount shoe store but was not in the discount shoe store business when he acquired it. Operations began on September 1, 2015. 
$

 


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