Tax MCQ MBA Tax Chapter 3 Assuming Mr. Cypress is a cash-basis taxpayer, what amount should Mr. Cypress include in his 2015 gross income from the apartment building?

Assuming Mr. Cypress is a cash-basis taxpayer, what amount should Mr. Cypress include in his 2015 gross income from the apartment building?

MBA Tax Chapter 3

Assuming Mr. Cypress is a cash-basis taxpayer, what amount should Mr. Cypress include in his 2015 gross income from the apartment building?

A. 35,500
B. 39,500
C. 35,000
D. 38,000

Answer: D

Tax MCQ

Assuming Mr. Cypress is a cash-basis taxpayer, what amount should Mr. Cypress include in his 2015 gross income from the apartment building?

Assuming Mr. Cypress is a cash-basis taxpayer, what amount should Mr. Cypress include in his 2015 gross income from the apartment building?

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