Saguaro Corporation,a Cash Basis and Calendar Year Taxpayer,was Formed and Began

Multiple Choice

Saguaro Corporation,a cash basis and calendar year taxpayer,was formed and began operations on August 1,2008.Saguaro incurred the following expenses during its first year of operations (August 1-December 31,2008) :
If Saguaro Corporation makes a timely election under § 248 to amortize qualifying organizational expenses,how much may the corporation deduct for tax year 2008?

A) $4,078.
B) $5,000.
C) $6,314.
D) $6,458.
E) None of the above.