tax income

posted by .

When filing their tax returns, almost all individuals use the __________ method.
A. accrual
B. cash receipts and disbursements
C. recognition
D. accounting

is it B

  • tax income -

    I agree

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. ACC 225

    What is the difference between cash basis and accrual basis accounting?
  2. accounting

    Ayres Services acquired an asset for $80 million in 2011. The asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). For tax purposes the asset's cost is depreciated by MACRS. …
  3. Accounting

    If Tom, an accountant, agrees to provide accounting services to Carl, a friend, in exchange for Carl fixing Tom's office floor, then: (Points : 1) Tom must report income on his tax return. Carl must report income on his tax return. …
  4. Tax Intro

    The taxpayer's spouse died at the beginning of 2010. He has no qualifying child. Which status should the taxpayer select when filing his tax return for 2011?
  5. Accounting

    What is the difference between cash basis and accrual basis accounting?
  6. business

    Most people pay federal income tax by: A. paying the total amount owed by April 15. B. filing quarterly tax payments. C. having amounts withheld from income. D. earning tax credits for various deductions. I chose d. But I am not sure
  7. Hypothesis test

    Please explain the solution to this problem. Individuals filing federal income tax returns prior to March 31 received an average refund of $1056. Consider the population of "last-minute" filers who mail their tax return during the …
  8. Accounting, TAX

    Which of the following entities may not use the cash method of accounting?
  9. Taxtation

    Another client, Ms. Dunham, has asked you to help her understand how her tax is computed. You need to provide Ms. Dunham with the following: An example of how to calculate the tax liability using the tax rate table and the tax rate …
  10. math (statistics)

    The following table shows the percentage of individuals in each age group who use an online tax program to prepare their federal income tax return. AGE ONLINE TAX PROGRAM (%) 18-34 16 35-44 12 45-54 10 55-64 8 65+ 2 Suppose a follow-up …

More Similar Questions