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Determine the amount of taxable income that should be reported by a cash-basis taxpayer in 2018 in each of the following independent cases: a. A

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Determine the amount of taxable income that should be reported by a cash-basis taxpayer in 2018 in each of the following independent cases: a. A taxpayer completes $500 of accounting services in December 2018 for a client who pays for the accounting work in January 2019 b. A taxpayer is in the business of renting computers on a short-term basis. On December 1, 2018, she rents a computer for a $180 rental fee and receives a $450 deposit. The customer returns the computer and is refunded the deposit on December 20, 2018 c. Same facts as (b) except that the computer is returned on January 5, 2019 d. On December 18, 2018, a landlord rents an apartment for $505 per month and collects the first and last months' rent up front. It is customary that tenants apply the security deposit to their last monti's rent upon moving out e. An accountant agrees to perform $355 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 2018 and the accountant starts and completes the tax work in March 2019 Complete the question by entering your answers in the tabs below. Reg a to d Rege a. A taxpayer completes $500 of accounting services in December 2018 for a client who pays for the accounting work in January 2019 h. A taxaver is in the business of rentinn comuters nn a short-term hasis on Decemher 1. 2018, she rens romnuter for Ches Complete the question by entering your answers in the tabs below. Reg a to d Rege a. A taxpayer completes $500 of accounting services in December 2018 for a client who pays for the accounting work in January 2019. b. A taxpayer is in the business of renting computers on a short-term basis. On December 1, 2018, she rents a computer for a $180 rental fee and receives a $450 deposit. The customer returns the computer and is refunded the deposit on December 20, 2018 c. Same facts as (b) except that the computer is returned on January 5, 2019. d. On December 18, 2018, a landlord rents an apartment for $505 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. Show less Taxable income S $ 180 a b C d Peso 2 Complete the question by entering your answers in the tabs below. points Reg a to d Rege ebook e. An accountant agrees to perform $355 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 2015 and the accountant starts and completes the tax work in March 2019. Print References Taxable income Accountant Mechanic Year 2018 2019

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