Determine the amount of taxable income that should be reported by a cash$-$basis taxpayer in $2023$ in each of the following

independent cases:

Required:

a$.$ A taxpayer completes $$525$ of accounting services in December $2023$ for a client who pays for the accounting work in January

b$.$ A taxpayer is in the business of renting computers on a short$-$term basis. On December $1,2023,$ she rents a computer for a $$190$

rental fee and receives a $$475$ deposit. The customer returns the computer and is refunded the deposit on December $20,2023.$

c$.$ Same facts as $($b$)$ except that the computer is returned on January $5,2024.$

d$.$ On December $18,2023,$ a landlord rents an apartment for $$520$ per month and collects the first and last months' rent up front. It is

customary that tenants apply the security deposit to their last month's rent upon moving out.

e$.$ An accountant agrees to perform $$360$ of tax services for an auto mechanic who has agreed to perform repairs on the car of the

accountant's wife. The mechanic repairs the car in December $2023$ and the accountant starts and completes the tax work in March

$2024.$

Complete the question by entering your answers in the tabs below.

Req A to D

a$.$ A taxpayer completes $$525$ of accounting services in December $2023$ for a client who pays for the accounting work in

January $2024.$

b$.$ A taxpayer is in the business of renting computers on a short$-$term basis. On December $1,2023,$ she rents a computer for a

$$190$ rental fee and receives a $$475$ deposit. The customer returns the computer and is refunded the deposit on December

$20,2023.$

c$.$ Same facts as $($b$)$ except that the computer is returned on January $5,2024.$

d$.$ On December $18,2023,$ a landlord rents an apartment for $$520$ per month and collects the first and last months' rent up

front. It is customary that tenants apply the security deposit to their last month's rent upon moving out.

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