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Brandon Is the Operator and Owner of a Cleaning Service

question 36

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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 31,2016,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 31,2016,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 2016 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 2016 gross income?


Definitions:

Biological Variation

Differences among individuals and populations in physical, physiological, and genetic characteristics due to evolutionary, environmental, and genetic factors.

Creationism

The belief that the universe and living organisms originate from specific acts of divine creation, as in the biblical account, rather than by natural processes such as evolution.

Evolution

The mechanism through which a range of life forms are considered to have emerged and branched out from previous versions during Earth's historical timeline.

Punctuated Equilibrium

A theory in evolutionary biology which proposes that species evolve rapidly in short bursts, followed by long periods of evolutionary stasis.

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