On August 1 of This Year,Sharon,a Cash-Method Taxpayer,signs a Lease

question 105

Multiple Choice

On August 1 of this year,Sharon,a cash-method taxpayer,signs a lease for office space and begins business.The lease is for 3 years.At the time the lease is signed,Sharon pays the $12,600 rent for the entire 36-month lease term.How much can Sharon deduct this year?

• A)$350
• B)$1,750
• C)$5,950
• D)$12,600

---

Definitions:

Congenital Defect

A physical or biochemical problem that is present at birth and may be caused by genetic factors or by prenatal events that are not genetic.

Iron Dextran

A medication used to treat iron deficiencies and anemia, administered intravenously or intramuscularly.

Iron-Deficiency Anemia

A form of anemia caused by a lack of sufficient iron to produce healthy red blood cells.

Formed Elements

The cells and cell fragments in the blood, including red cells, white cells, and platelets, essential for bodily functions.