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...
Which of the following is a purified concentrate of human anti-D?
a. HBIg b. RhIg c. Rhmod d. Rhvariable
Health Professions
COLD diseases are usually characterized by:
A) steadily worsening. B) being long term. C) creating airway blockage. D) all of the above.
Health Professions
Smell receptors are called ________ receptors.
What will be an ideal response?
Health Professions
The average heart is approximately what size?
A. The size of a baseball B. The size of a cantaloupe C. The size of your fist D. The size of your foot
Health Professions