Put T for Taxable Income or N for Nontaxable Income

Multiple Choice

Put T for Taxable income or N for Nontaxable income beside each item below as it normally would be treated for tax purposes.
-Abdo Corporation wants to determine if it can qualify to use the cash method under the $25 million gross receipts test for 2018. Its gross receipts were $26 million for 2018, $24 million for 2017, $23 million for 2016, and $22 million for 2015. What amount of gross receipts is relevant for determining if Abdo can use the cash method for 2018?

A) $23 million
B) $23.5 million
C) $23.75 million
D) $24 million