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Manny, a calendar-year taxpayer, uses the cash method of accounting for tis sole proprietorship. In late December be perfoemed $21,000 of legal services for a

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Manny, a calendar-year taxpayer, uses the cash method of accounting for tis sole proprietorship. In late December be perfoemed $21,000 of legal services for a cient. Manny. typicaly recuies his cliens to pay his bilis immediately upon receipt. Aswimo Manny's marginal tax rate is 24 percent this yoar and next year, and that he can eam an afler-tax rate of retarn of 6 percent on his investments. What is the net benelit of collecting the bill in Jarwary? 15,960

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