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7 1 point Mario operates a business and uses the accrual method of accounting. During 2020, Mario hires his brother, Luigi, who is a cash

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7 1 point Mario operates a business and uses the accrual method of accounting. During 2020, Mario hires his brother, Luigi, who is a cash method taxpayer, to provide accounting services to Mario's business, and Luigi completes all his work before year end. In December of 2020, Luigi bills Mario $2.500 for the accounting services but receives only $1.250 in payments from Mario before the end of the year. Determine the amount Mario may deduct in 2020 with regard to the accounting services provided by Luigi. Type your answer Previous

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