On January l, Grace leases and places into service an automobile with a FMV of $38,000. The business use of the automobile is 60%. The "inclusion amount" for the initial year of the lease from the IRS tables is $40. The annual lease payments are $8,000. What are the tax consequences of this lease?

		deduction for lease payments of $4,776
		deduction for lease payments of $4,800
		deduction for lease payments of $4,760
		deduction for lease payment of $1,896