Norah,who Gives Music Lessons,is a Calendar Year Taxpayer Using the Cash

Question 51
Multiple Choice

Norah,who gives music lessons,is a calendar year taxpayer using the cash basis method of accounting.On October 1 of this year,she received $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? A)$480 B)$360 C)$720 D)$1,200