Question: Inga, an attorney, completed a job for a client in November 2011. If she bills the client immediately, she will receive her $10,000 fee before

Inga, an attorney, completed a job for a client in November 2011. If she bills the client immediately, she will receive her $10,000 fee before the end of the year. By delaying the billing for a month, she will not receive the $10,000 until 2012.What factors should Inga consider in deciding whether she should delay sending the bill to the client?

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Inga should determine the tax cost of reporting the fee income in 2011 compared to the present value ... View full answer

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