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6. Becky is a cash basis taxpayer with the following transactions during her calendar tax year: Cash basis revenue $54,000 Cash basis expenses, except rent

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6. Becky is a cash basis taxpayer with the following transactions during her calendar tax year: Cash basis revenue $54,000 Cash basis expenses, except rent 25,000 Rent expense (paid on December 1) for use of a building for 24 months 24,000 What is the amount of Becky's taxable income from her business for this tax year? a. $7,000 loss b. $11,000 c. $27,500 d. $28,000 e. None of the above

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