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Determine the amount of taxable Income that should be reported by a cash-basis taxpayer in 2022 In each of the following Independent cases: Required: a.

image text in transcribedimage text in transcribed Determine the amount of taxable Income that should be reported by a cash-basis taxpayer in 2022 In each of the following Independent cases: Required: a. A taxpayer completes $500 of accounting services in December 2022 for a client who pays for the accounting work in January 2023. b. A taxpayer is in the business of renting computers on a short-term basis. On December 1, 2022, she rents a computer for a $200 rental fee and recelves a $500 deposit. The customer returns the computer and is refunded the deposit on December 20,2022 . c. Same facts as (b) except that the computer is returned on January 5, 2023. d. On December 18,2022 , a landlord rents an apartment for $700 per month and collects the first and last months' rent up front. It is customary that tenants apply the security deposit to thelr last month's rent upon moving out. e. An accountant agrees to perform $500 of tax services for an auto mechanic who has agreed to perform repalrs on the car of the accountant's wife. The mechanic repairs the car In December 2022 and the accountant starts and completes the tax work in Marc 2023. Complete the question by entering your answers in the tabs below. a. A taxpayer completes $500 of accounting services in December 2022 for a client who pays for the accounting work in January 2023. b. A taxpayer is in the business of renting computers on a short-term basis. On December 1,2022, she rents a computer for a $200 rental fee and receives a $500 deposit. The customer returns the computer and is refunded the deposit on December 20,2022. c. Same facts as (b) except that the computer is returned on January 5, 2023. d. On December 18,2022, a landlord rents an apartment for $700 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. Determine the amount of taxable Income that should be reported by a cash-basis taxpayer in 2022 in each of the following odependent cases: ?equlred: a. A taxpayer completes $500 of accounting services in December 2022 for a cllent who pays for the accounting work in January 2023. D. A taxpayer is in the business of renting computers on a short-term basis. On December 1,2022 , she rents a computer for a $200 rental fee and recelves a $500 deposit. The customer returns the computer and is refunded the deposit on December 20,2022 . c. Same facts as (b) except that the computer is returned on January 5,2023. d. On December 18,2022 , a landlord rents an apartment for $700 per month and collects the first and last months' rent up front. It is customary that tenants apply the security deposit to thelr last month's rent upon moving out. . An accountant agrees to perform $500 of tax services for an auto mechanic who has agreed to perform repalrs on the car of the accountant's wife. The mechanic repairs the car in December 2022 and the accountant starts and completes the tax work In Marc 2023. Complete the question by entering your answers in the tabs below. An accountant agrees to perform $500 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 2022 and the accountant starts and completes the tax work in March 2023

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