Determine the amount of taxable income that should be reported by a cash-basis taxpayer in 2022 in each of the followingindependent cases:Required:a. A taxpayer completes $700 of accounting services in December 2022 for a client who pays for the accounting work in January2023.b. A taxpayer is in the business of renting computers on a short-term basis. On December 1, 2022, she rents a computer for a $260rental fee and receives a $650 deposit. The customer returns the computer and is refunded the deposit on December 20, 2022.c. Same facts as (b) except that the computer is returned on January 5, 2023.d. On December 18, 2022, a landlord rents an apartment for $625 per month and collects the first and last months' rent up front. It iscustomary that tenants apply the security deposit to their last month's rent upon moving out.e. An accountant agrees to perform $395 of tax services for an auto mechanic who has agreed to perform repairs on the car of theaccountant's wife. The mechanic repairs the car in December 2022 and the accountant starts and completes the tax work in March2023.Req Anto Da. A taxpayer completes $700 of accounting services in December 2022 for a client who pays for the accounting work inJanuary 2023.b. A taxpayer is in the business of renting computers on a short-term basis. On December 1, 2022, she rents a computer for a$260 rental fee and receives a $650 deposit. The customer returns the computer and is refunded the deposit on December20, 2022.c. Same facts as (b) except that the computer is returned on January 5, 2023.d. On December 18, 2022, a landlord rents an apartment for $625 per month and collects the first and last months' rent upfront. It is customary that tenants apply the security deposit to their last month's rent upon moving out.a.b.Complete the question by entering your answers in the tabs below.C.d.TaxableincomeReq EShow less Determine the amount of taxable income that should be reported by a cash-basis taxpayer in 2022 in each of the followingindependent cases:Required:a. A taxpayer completes $700 of accounting services in December 2022 for a client who pays for the accounting work in Janua2023.b. A taxpayer is in the business of renting computers on a short-term basis. On December 1, 2022, she rents a computer for a $rental fee and receives a $650 deposit. The customer returns the computer and is refunded the deposit on December 20, 20c. Same facts as (b) except that the computer is returned on January 5, 2023.d. On December 18, 2022, a landlord rents an apartment for $625 per month and collects the first and last months' rent up froncustomary that tenants apply the security deposit to their last month's rent upon moving out.e. An accountant agrees to perform $395 of tax services for an auto mechanic who has agreed to perform repairs on the car ofaccountant's wife. The mechanic repairs the car in December 2022 and the accountant starts and completes the tax work in2023.Complete the question by entering your answers in the tabs below.Req A to DAn accountant agrees to perform $395 of tax services for an auto mechanic who has agreed to perform repairs on the car ofthe accountant's wife. The mechanic repairs the car in December 2022 and the accountant starts and completes the tax workin March 2023.YearReg E20222023Taxable incomeAccountantMechanic

Question

Determine the amount of taxable income that should be reported by a cash-basis taxpayer in 2022 in each of the followingindependent cases:Required:a. A taxpayer completes $700 of accounting services in December 2022 for a client who pays for the accounting work in January2023.b. A taxpayer is in the business of renting computers on a short-term basis. On December 1, 2022, she rents a computer for a $260rental fee and receives a $650 deposit. The customer returns the computer and is refunded the deposit on December 20, 2022.c. Same facts as (b) except that the computer is returned on January 5, 2023.d. On December 18, 2022, a landlord rents an apartment for $625 per month and collects the first and last months' rent up front. It iscustomary that tenants apply the security deposit to their last month's rent upon moving out.e. An accountant agrees to perform $395 of tax services for an auto mechanic who has agreed to perform repairs on the car of theaccountant's wife. The mechanic repairs the car in December 2022 and the accountant starts and completes the tax work in March2023.Req Anto Da. A taxpayer completes $700 of accounting services in December 2022 for a client who pays for the accounting work inJanuary 2023.b. A taxpayer is in the business of renting computers on a short-term basis. On December 1, 2022, she rents a computer for a$260 rental fee and receives a $650 deposit. The customer returns the computer and is refunded the deposit on December20, 2022.c. Same facts as (b) except that the computer is returned on January 5, 2023.d. On December 18, 2022, a landlord rents an apartment for $625 per month and collects the first and last months' rent upfront. It is customary that tenants apply the security deposit to their last month's rent upon moving out.a.b.Complete the question by entering your answers in the tabs below.C.d.TaxableincomeReq EShow less Determine the amount of taxable income that should be reported by a cash-basis taxpayer in 2022 in each of the followingindependent cases:Required:a. A taxpayer completes $700 of accounting services in December 2022 for a client who pays for the accounting work in Janua2023.b. A taxpayer is in the business of renting computers on a short-term basis. On December 1, 2022, she rents a computer for a $rental fee and receives a $650 deposit. The customer returns the computer and is refunded the deposit on December 20, 20c. Same facts as (b) except that the computer is returned on January 5, 2023.d. On December 18, 2022, a landlord rents an apartment for $625 per month and collects the first and last months' rent up froncustomary that tenants apply the security deposit to their last month's rent upon moving out.e. An accountant agrees to perform $395 of tax services for an auto mechanic who has agreed to perform repairs on the car ofaccountant's wife. The mechanic repairs the car in December 2022 and the accountant starts and completes the tax work in2023.Complete the question by entering your answers in the tabs below.Req A to DAn accountant agrees to perform $395 of tax services for an auto mechanic who has agreed to perform repairs on the car ofthe accountant's wife. The mechanic repairs the car in December 2022 and the accountant starts and completes the tax workin March 2023.YearReg E20222023Taxable incomeAccountantMechanic< Req A to DReq E >

Accepted Answer

The taxable income is to be determined and to report on the basis of the cash-basis for the year…