Sammy wants to open a new café and call it “Catpuccino Café….

Questions

Sаmmy wаnts tо оpen а new café and call it “Catpuccinо Café.” The café will use a calendar year tax year. Before he opens the doors to customers on July 1, Year 1, he has to make several expenditures throughout Year 1 to prepare for the business’s opening:Expense                                                             Date                                       AmountLegal fees for articles of incorporation          January 1                                $11,000Monthly rent for each month in Year 1          15th of each month               $3,000/month Wage costs for each month in Year 1             15th of each month               $750/month   What is the total amount of start-up costs for Year 1?Fill in the blank: _________Answer:

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