Final answer:
The maximum section 179 deduction for a business that purchases $3,220,000 in equipment during 2023 is $1,050,000.
Step-by-step explanation:
The maximum section 179 deduction is the amount that a business can deduct as an expense in the year that they purchased new equipment. For 2023, the maximum section 179 deduction is $1,050,000. This means that if a business purchases $3,220,000 in equipment, they can deduct up to $1,050,000 as an expense on their tax return.