Income is taxable to a cash basis taxpayer in the year in which it is paid, or

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Income is taxable to a cash basis taxpayer in the year in which it is paid, or made available to the taxpayer. This is the doctrine of_____________ .

A. Constructive receipt.

B. Economic benefit.

C. Risk of forfeiture.

D. Variable bonus.

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Essentials Of Personal Financial Planning

ISBN: 9781945498237

1st Edition

Authors: Susan M. Tillery, Thomas N. Tillery

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