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49. Mr. Aspen, a cash basis CPA, pays Gail Smith to work during tax season as a data entry clerk. Mr. Aspen pays Gail the

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49. Mr. Aspen, a cash basis CPA, pays Gail Smith to work during tax season as a data entry clerk. Mr. Aspen pays Gail the following: Hourly wages $6,275 Bonuses 500 Loan 150 How much can Mr. Aspen deduct as compensation? A. $6,035 B. $6,775 C. $6,875 D. $7, 135

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