5-31 Constructive Receipt. For each of the following situations, indicate whether the tax- payer has constructively received the income. a. R received a bonus as top salesperson of the year. He received the check for $25,000 at 10 p.m. on December 31 at a New Year's Eve party. All the banks were closed. b. On January 3, D received the check for January's rent of her duplex. The envelope was postmarked December 31. c. On December 25, C Corporation rewarded its top executive, E, with 100 shares of stock for a job well done. E was unable to find a buyer until March 15 of the following year. 2011 d. Immediately after receiving her check on December 31, Z went to her employer's bank to cash it. The bank would not cash it since the employer's account was overdrawn. 5-31 Constructive Receipt. For each of the following situations, indicate whether the tax- payer has constructively received the income. a. R received a bonus as top salesperson of the year. He received the check for $25,000 at 10 p.m. on December 31 at a New Year's Eve party. All the banks were closed. b. On January 3, D received the check for January's rent of her duplex. The envelope was postmarked December 31. c. On December 25, C Corporation rewarded its top executive, E, with 100 shares of stock for a job well done. E was unable to find a buyer until March 15 of the following year. 2011 d. Immediately after receiving her check on December 31, Z went to her employer's bank to cash it. The bank would not cash it since the employer's account was overdrawn