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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 bond

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. What is Jacob's income from this transaction in 2018? $0 $5,496 $6,000 $8,408

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