Constructively received income

Assignment Help Accounting Basics

Reference no: EM1359358

Tax Question:

Which of the following would be considered "constuctively received?"

i. interest credited to a savings account

ii. a check received after banking hours

iii. a paycheck received from employer, when employer does not have funds in the bank to cover the check

a. I only

b. II only

c. III only

d. I & II only

e. None of above

Reference no: EM1359358

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