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John has to pay rent of $1,000 for this firm every month. However, he is short of cash in Year 1. He asked his friend

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John has to pay rent of $1,000 for this firm every month. However, he is short of cash in Year 1. He asked his friend Eric to pay for him instead. Eric paid $12,000 for John's rent. (a) How much business deduction can John take from the rent payment? (b) How much business deduction can Eric take from the rent payment

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