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Robin is a motivational speaker who uses the calendar year and the cash method of accounting. She paid otherwise deductible expenses of $5,000 this year,
Robin is a motivational speaker who uses the calendar year and the cash method of accounting. She paid otherwise deductible expenses of $5,000 this year, by paying $2,000 by check and $3,000 by credit card. She also owed the local office supply store $4,500 as of year-end. How much can Robin deduct this year?
$2,000
$3,000
$5,000
$9,500
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