Practice:

$(1)[$LO $2,$ LO $3]\{$Planning$\}$ Reese, a calendar$-$year taxpayer, uses the cash method of accounting for

her sole proprietorship. In late December, she received a $$20,000$ bill from her accountant for

consulting services related to her small business. Reese can pay the $$20,000$ bill any time before

January $30$ of next year without penalty. Assume Reese's marginal tax rate is $32$ percent this

year and will be $37$ percent next year, and that she can earn an after$-$tax rate of return of $12$

percent on her investments. When should she pay the $$20,000$ bill$-$this year or next?