(Solved): Determine the amount of taxable income that should be reported by a cash-basis taxpayer in 2021 in ...

Determine the amount of taxable income that should be reported by a cash-basis taxpayer in 2021 in each of the following independent cases: a. A taxpayer completes \( \$ 500 \) of accounting services in December 2021 for a client who pays for the accounting work in January \( 2022 . \) b. A taxpayer is in the business of renting computers on a short-term basis. On December 1,2021 , she rents a computer for a \( \$ 200 \) rental fee and receives a \( \$ 500 \) deposit. The customer returns the computer and is refunded the deposit on December 20, \( 2021 . \) c. Same facts as (b) except that the computer is returned on January 5 , \( 2022 . \) d. On December 18, 2021, a landlord rents an apartment for \( \$ 700 \) per month and collects the first and last months' rent up front. It is customary that tenants apply the security deposit to their last month's rent upon moving out. e. An accountant agrees to perform \( \$ 500 \) of tax services for an auto mechanic who has agreed to perform repairs on the car of the accountant's wife. The mechanic repairs the car in December 2021 and the accountant starts and completes the tax work in March \( 2022 . \) Complete the question by entering your answers in the tabs below a. A taxpayer completes \( \$ 500 \) of accounting services in December 2021 for a client who pays for the accounting work in January \( 2022 . \) b. A taxpayer is in the business of renting computers on a short-term basis. On December 1,2021 , she rents a computer for a \( \$ 200 \) rental fee and receives a \( \$ 500 \) deposit. The customer returns the computer and is refunded the deposit on December \( 20,2021 . \) c. Same facts as (b) except that the computer is returned on January 5, \( 2022 . \) d. On December 18, 2021, a landiord rents an apartment for \( \$ 700 \) per month and collects the first and last months' rent up front. It is customary that tenants apply the security deposit to their last month's rent upon moving out. e. An accountant agrees to perform \( \$ 500 \) of tax services for an auto mechanic who has agreed to perform repairs on the car of the accountant's wife. The mechanic repairs the car in December 2021 and the accountant starts and completes the tax work in March \( 2022 . \) Complete the question by entering your answers in the tabs below. An accountant agrees to perform \( \$ 500 \) of tax services for an auto mechanic who has agreed to perform repairs on the car of the accountant's wife. The mechanic repairs the car in December 2021 and the accountant starts and completes the tax work in March 2022.