Brandon Is the Operator and Owner of a Cleaning Service

question 50

Multiple Choice

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:
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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

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Definitions:

Identity Development

The process through which individuals form, evolve, and reconcile aspects of their self-concept, such as personal identity and social roles.

Geek

Typically describes someone passionate about technology, science fiction, gaming, or other niche interests, often implying great expertise or enthusiasm.

Agreeable

A personality trait characterized by being pleasant, cooperative, and harmonious in social interactions.

Emotional Stability

A personality trait indicating the ability to remain calm and composed under stress, experiencing emotions without excessive negativity.