In December 2014,Max,a Cash Basis Taxpayer,rents an Apartment to Kadeem

question 56

Multiple Choice

In December 2014,Max,a cash basis taxpayer,rents an apartment to Kadeem.Max receives both the first and last months' rent totaling $1,800 plus a security deposit of $400.The amount of income reported as taxable in 2014 is

• A)$400.
• B)$1,300.
• C)$1,800.
• D)$2,200.

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Definitions:

Anchor Pins

Pins used to secure or stabilize one object to another, particularly in mechanical or construction applications.

S-cam Actuated Brake Shoes

Part of a drum brake system where an S-shaped cam is used to push the brake shoes outwards against the drum to slow or stop the vehicle.

Pair

Two things that are designed or used together or considered in relation to each other, often matching or corresponding in form or function.

Trailer Service Brake Signal

An electrical or air signal from the towing vehicle to the trailer, activating the trailer's service brakes.