Aretha is an executive vice president of Franklin, Inc. On December 18, 2016, the Franklin, Inc., board of directors awards her a $20,000 bonus. Aretha asks Franklin's controller to delay processing the bonus check until January. The controller agrees to her request, and she receives the $20,000 bonus check on January 10, 2017.

Identify the tax issue(s) posed by the facts presented. Determine the possible tax consequences of each issue that you identify.