Determine whether the taxpayer in each of the following situations is in constructive receipt of income. If not, explain when the income will be constructively received.

a. Norman is president of Wright Company. On December 14, 2020, the board of directors votes to give him a $25,000 bonus. Norman receives the bonus on January 4, 2021.

b. Regan is an employee of BIF Manufacturing, earning $3,000 per month. She purchases merchandise from BIF costing $2,000 in January of the current year. To pay for the merchandise, BIF agrees to deduct $75 per month from her pay, reducing it to $2,925 per month before other withholdings. 

c. Marnie owns $50,000 par value of 6 percent coupon bonds. The interest coupons may be clipped and redeemed on May 30 and November 30 each year. Marnie does not redeem the November 30, 2020, coupon interest until January 8, 2021.