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QUESTION 18 Norah, who gives music lessons, is a calendar-year taxpayer using the cash-basis method of accounting. On October 1st of this year, she receives

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QUESTION 18 Norah, who gives music lessons, is a calendar-year taxpayer using the cash-basis method of accounting. On October 1st of this year, she receives $1,200 for a one year contract beginning on that date to provide 10 lessons. She gave 6 lessons this year. How much should Norah include in income this year? OA. 480 O B. $360 OC. $720 OD. $1,200

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