Janine,a Cash-Basis Taxpayer,borrowed $15,000 for Her Business from a Local

Multiple Choice

Janine,a cash-basis taxpayer,borrowed $15,000 for her business from a local bank three years ago.To increase her deductions for 2017,she pays December interest of $150 and prepays January and February interest totaling $300.The maturity date of the note is November 30,2087.How much of the interest is deductible in 2017?

A) $-0-
B) $150
C) $300
D) $450