Question: Problem 4 - 4 5 ( LO . 2 ) Troy, a cash basis taxpayer, is employed by Eagle Corporation, also a cash basis taxpayer.

Problem 4-45(LO.2)
Troy, a cash basis taxpayer, is employed by Eagle Corporation, also a cash basis taxpayer. Troy receives a salary of $60,000 per year. He
also receives a bonus equal to 10% of all collections from clients he serviced during the year (which he receives in January of the following
year). Determine the tax consequences of the following events to the corporation and to Troy:
a. On December 31,2024, Troy was visiting a customer. The customer gave Troy a $10,000 check payable to the corporation for appraisal
services Troy performed during 2024. Troy did not deliver the check to the corporation until January 2025.
The corporation recognizes the income in:
Troy reoognizes the bonus related to this collection in:
Problem 4-45(LO.2) Troy, a cash basis taxpayer, is employed by Eagle

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