Which of the Following Constitutes Constructive Receipt in 2018

question 1481

Essay

Which of the following constitutes constructive receipt in 2018?
a. A check received on December 29, 2018. The check was postdated January 5, 2019.
b. A check received on January 4, 2019. It had been mailed on December 29, 2018.
c. A rent check, received on December 31, 2018, by the manager of an apartment complex. The manager norma collects rent for the owner who is out of town.
d. A salary check received at 5:30 p.m. on December 31, 2018, after all banks are closed.
e. A paycheck received on December 26, 2018. The check was not honored by the bank because the employer's account did not have sufficient funds.

---

Definitions:

Depreciated Value

The reduced worth of an asset over time, typically due to wear and tear or obsolescence.

Tax Purposes

Considerations relevant to the calculation of taxes owed, including income categorization and deduction eligibility.

Estimate Slope

The technique for determining the approximate steepness or gradient of a line on a graph.

Graph

A diagram representing numerical values or relationships between numbers, often using lines, bars, or points on axes.