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1. Determine the amount of taxable income the should be reported by cash-basis taxpayer in 2020 in each of the following independent cases:

1. A taxpayer completes $500 of accounting services in December 2020 for a client who pays for the accounting work in January 2021.
2. A taxpayer is in the business of renting computers on a shorterm basis. On December 1 , 2020 she rents a computer for a $180 rental fee and receives a $450 deposit. The costumer returns the computer and is refunded the deposit on December 20, 2021.
3. Same facts as (b) except the computer is returned on January 5,2021.
4. In December 18, 2020, a landlord rents an apartment for $505 per month and collects the first and last months rent deposit to their last month rent upon moving out.

An accountant agrees to perform $335 of tax services for an auto mechanic who has agreed to perform repair on the car of the accountants wife. The mechanic repair the car in December 2020 and the accountant starts and completes the tax work in march 2021

Complete the question by entering your answers in the tabs below. Req a to d Req e An accountant agrees to perform $355 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 2020 and the accountant starts and completes the tax work in March 2021. Taxable income Year Accountant Mechanic 2020 2021

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