The following information applies to the questions displayed below] In January of year O, Justin paid $5,000 for an insurance policy that covers his business property for accidents and casualties. Justin is a calendar-year taxpayer who uses the cash method of accounting. What amount of the insurance premium may Justin deduct in year O in each of the following alternative scenarios? (Leave no answers blank. Enter zero if applicable.) Award: 0.33 points b. The policy begins on February 1 of year 1 and extends through January 31 of year 2. Deductible amount The following information applies to the questions displayed below.) In January of year O, Justin paid $5,000 for an insurance policy that covers his business property for accidents and casualties. Justin is a calendar-year taxpayer who uses the cash method of accounting. What amount of the insurance premium may Justin deduct in year O in each of the following alternative scenarios? (Leave no answers blank. Enter zero if applicable. 17. Award: 0.33 points c. Justin pays $6,200 for a 24-month policy that covers the business from April 1, year O, through March 31, year 2. (Do not round intermediate calculations.) Deductible amount The following information applies to the questions displayed below In January of year o, Justin paid $5,000 for an insurance policy that covers his business property for accidents and casualties. Justin is a calendar-year taxpayer who uses the cash method of accounting. What amount of the insurance premium may Justin deduct in year O in each of the following alternative scenarios? (Leave no answers blank. Enter zero if applicabl e.) 18. Award: 0.33 points d. Instead of paying an insurance premium, Justin pays $5,000 to rent his business property from April 1 of year 0 through March 31 of year 1 Deductible amount