A healthcare business that uses accrual accounting issues employee paychecks on January 10, 2012 that cover the 14-day work period December 25, 2011 through January 7, 2012. For federal income tax purposes, the employees should ____.
A. report half that paycheck as 2012 income
B. report all of that paycheck as 2012 income
C. report all of that paycheck as 2011 income
D. deduct the pay for the two federal holidays in that pay period
Answer: B
Health Professions
You might also like to view...
The foundation of a medical term is a:
A. suffix. B. word root. C. prefix. D. combining form.
Health Professions
Carpal tunnel release: ________
Assign the entire code for the following procedures:
Health Professions
The attachment site for the less movable bone when a muscle contracts is the ____.
A. insertion B. origin C. prime mover D. synergist E. antagonist
Health Professions
When adding the numbers 4326 and 1598, which two numerals should you add first?
A) 4 and 1 B) 3 and 5 C) 2 and 9 D) 6 and 8
Health Professions