ACC 401 ASSIST Great Stories /acc401assist.com ACC 401 ASSIST Great Stories /acc401assist.com | Page 3

Same as (c) except the taxpayer lived with his ex-spouse until
August and maintained the household for his married son and
daughter-in-law from September 1 to the end of the year
38) Julio and Martina are engaged and are planning to travel to
Las Vegas during the 2009 Christmas season and get married
around the end of the year. In 2009, Julio expects to earn $45,000
and Martina expects to earn $15,000. Their employers have
deducted the appropriate amount of withholding from their
paychecks throughout the year. Neither Julio nor Martina has
any itemized deductions. They are trying to decide whether they
should get married on December 31, 2009 or on January 1, 2010.
What do you recommend? Explain your answer (disregard the
making work pay credit).
Chapter 3: Problems 35, 36, & 42
35) Determine the amount of taxable income that should be
reported by a cash-basis taxpayer in 2009 in each of the following
independent cases.
A taxpayer completes $500 of accounting services in December
2009 for a client who pays for the accounting work in January
2010.
A taxpayer is in the business of renting computers on a short-
term basis. On December 1, 2009, she rents a computer for a $200
rental fee and receives a $500 deposit. The customer returns the
computer and is refunded the deposit on December 20, 2009.
Same facts as (b) except that the computer is returned on January
5, 2010.
On December 18, 2009, a landlord rents an apartment for $700
per month and collects the first and last month’s rent up front. It