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1. Shanna a calendar year and cash basis taxpayer rents property to be used in her business. As part of the rental agreement, Shanna pays $8,400 to rent on April 1, 2023 for the 12 months ended March 31, 2024. a. How much is Shanna's deduction for rent expense in 2023 ? b. Assume the same facts, except that the $8,400 is for 24 months rent ending March 31, 2025. How much is Shanna's deduction for rent expense in 2023 ? 2. Falcon, Inc. paid salaries of $500,000 to its employees during the first year of operations. At the end of the year, Falcon had unpaid salaries of $45,000. activities. a. What are Printer's total deductible expenses for tax purposes? b. Assume the same facts as above except that the $25,000 was incurred for inhouse Iobbying expenses. What are Printer's total deductible expenses for tax purposes? 5. Stanford owns and operates two dry cleaning businesses. He travels to Boston to discuss acquiring a restaurant. Later in the month, he travels to New York to discuss acquiring a bakery Stanford does not acquire the restaurant but does purchase the bakery on November 1, 2023. Stanford incurred the following expenses. a. Total investigation expenses related to the restaurant b. Total investigation expenses related to the bakery $28,000 $51,000 6. Suzanne, a single taxpayer, operates a business as a sole proprietor. The business has two employees with wages of $90,000 in total during 2023 . The business has no significant assets. During 2023 , the business has $150,000 of QB1. Suzanne's taxable income is $155,000 before the QBI deduction. a. What is Suzanne's QBI dediftion? b. Assume Suzanne's taxable lifcome before the QBI deduction is $270,000 and her qualified business income is $250,000. Now what is Suzanne's QBI deduction

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