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Question 42 (1 point) Listen Gretchen, a cash method taxpayer, signs a lease for office space and begins business on April 1 of this year.

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Question 42 (1 point) Listen Gretchen, a cash method taxpayer, signs a lease for office space and begins business on April 1 of this year. The lease is for 18 months. At the time the lease is signed, she pays the $12,600 rent for the entire 18 month lease term. How much can Gretchen deduct this year? $12,600 $1.750 $5.950 $350

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