Charlie is an electrician who uses the cash method of accounting. This year, Charlie requested that his clients make their checks payable to his son,

Alan. This year Alan received checks in the amount of $$134,250$ for Charlie's services. Which of the following is a true statement?

Multiple Choice

Alan is taxed on $$134,250$ of income this year.

Charlie is taxed on $$134,250$ of income this year.

Alan is taxed on $$134,250$ of income from gifts received this year.

Charlie may deduct the $$134,250$ received by Alan.

None of the choices are correct.