Axl Heck, age 54, is single and his social security number is 123-45-6789. He opened a financial consulting business in February of 2024. He rented office space initially, but then purchased an office building for the business at 1602 State Street, Saginaw, MI 48603. The business is called Heck Financial Consulting (federal identification #38-5252525). Axl is a cash basis taxpayer. He lives at 7400 Mackinaw St., Saginaw, MI 48602. Axl wants to contribute to the Presidential Election Campaign Fund. Axl has no dependents. During 2024, Axl had the following income and expenses connected with his business:Income from consulting services$100,000Property taxes paid8,000Rent paid15,000Utilities7,400Supplies1,700Wages paid to an employee5,000Travel & entertainment (including meals of $800, entertainment of $500)2,200Advertising5,000 Axl purchased and placed in service the following fixed assets for his business: Furniture & fixtures costing $2,000 on February 15, 2024 Computer equipment costing $5,000 on February 10, 2024 Furniture & fixtures costing $21,000 on November 1, 2024 Office building costing $200,000 on October 3, 2024Axl has decided not to elect the immediate expensing under § 179 or take the additional first-year bonus depreciation.