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] 2 pts On January 1, 2018, Jacob, a cash basis, calendar year taxpayer-and a frequently thirsty man-pays $91,592 for an 18 month, 6% zero-coupon
] 2 pts On January 1, 2018, Jacob, a cash basis, calendar year taxpayer-and a frequently thirsty man-pays $91,592 for an 18 month, 6% zero-coupon bond with a maturity value of $100,000. Interest is compounded annually. You may round to the nearest dollar. If Jacob were an accrual basis taxpayer, what would his income be from this transaction in 2019? O $0 $3,000 $2,913 $8.408
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