Jessica Is a Cash Basis Taxpayer

question 5

True/False

Jessica is a cash basis taxpayer. When Jessica failed to repay a loan, the bank garnished her salary. Each week $60 was withheld from Jessica's salary and paid to the bank. Jessica is required to include the $60 each week in her gross income even though it is the creditor that benefits from the income.

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Definitions:

Line Managers

Managers who have direct responsibility over a particular unit or department within an organization, including the supervision of employees and the achievement of operational targets.

Placement Processes

The methods and strategies used to assign individuals to appropriate jobs or roles within an organization.

Discrimination Suit

Legal action taken against an employer or organization accused of unjust treatment of employees based on race, gender, age, disability, or other protected categories.

Search Costs

The time, energy, and financial resources spent in looking for goods, services, or information.