On January L,2019,Grace Leases and Places into Service an Automobile

Multiple Choice

On January l,2019,Grace leases and places into service an automobile with a FMV of $61,000.The business use of the automobile is 60%.The "inclusion amount" for the initial year of the lease from the IRS tables is $46.The annual lease payments are $11,000.What are the tax consequences of this lease?

A) deduction for lease payments of $6,572
B) deduction for lease payments of $6,554
C) deduction for lease payments of $6,600
D) deduction for lease payment of $6,646