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Brandon Is the Operator and Owner of a Cleaning Service

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Brandon is the operator and owner of a cleaning service who uses the cash method of accounting.He receives the following payments on December 31,2017,the last business day of his tax year:

Brandon is the operator and owner of a cleaning service who uses the cash method of accounting.He receives the following payments on December 31,2017,the last business day of his tax year: ​   How much of the $9,400 collected by Brandon on December 31 must be included in his 2017 gross income? A) $2,400 B) $3,000 C) $5,400 D) $7,000 E) $9,400
How much of the $9,400 collected by Brandon on December 31 must be included in his 2017 gross income?


Definitions:

Schizophrenia

A psychological condition marked by altered thought processes, emotional states, communication abilities, self-awareness, and actions.

Maturational Process

The natural progression of growth and development determined by genetic factors.

Expressed Emotion

A measure of the family environment based on how much criticism, hostility, and emotional overinvolvement are directed towards a family member, usually one with a psychiatric disorder.

Genetic Factors

Elements within an organism's genes that influence its traits and characteristics, potentially affecting its health, behavior, and physical appearance.

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