Bob Buttons, a Cash Basis Calendar Year Taxpayer, Owns and Operates

question 2

Multiple Choice

Bob Buttons, a cash basis calendar year taxpayer, owns and operates an apartment building. During 2012, he received the following payments: What is the amount of Bob's gross rental income for 2012?

• A) $1,750
• B) $2,450
• C) $5,500
• D) $6,200

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Definitions:

Psychosexual Development

A Freudian concept describing how personality development occurs through stages during childhood, each characterized by an erogenous zone and specific conflicts.

Compulsively Neat

Describes a person who has an overwhelming need to keep their surroundings extremely tidy, often driven by anxiety or discomfort when things are out of place.

Resistance

In free association, a blockage or refusal to disclose painful memories.

Medication

Drugs or other substances used to treat or prevent disease or relieve pain.