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How much of the salary is taxable to Burg

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Question - Alex Burg, a cash basis taxpayer, earned an annual salary of $80,000 at Ace Corp. in 2018, but elected to take only $50,000. Ace, which was financially able to pay Burg's full salary, credited the unpaid balance of $30,000 to Burg's account on the corporate books in 2018, and actually paid this $30,000 to Burg on April 25, 2019. How much of the salary is taxable to Burg in 2018?

a. $50,000

b. $60,000

c. $65,000

d. $80,000

Reference no: EM132523545

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