Question: TB MC Qu . 0 9 - 6 8 ( Static ) Joe is a self - employed electrician who operates... taxes until after year

TB MC Qu.09-68(Static) Joe is a self-employed electrician who operates... taxes until after year-end but prior to filing his tax return. Which of the following is a true statement?
Multiple Choice
If he elects to treat the taxes as a recuring item, Joe can accrue and deduct \(\$ 4,500\) of taxes on the shop this year.
The taxes are a payment llability.
The taxes would not be deductible if Joe's business was on the cash method.
Unless Joe makes an election, the taxes are not deductible this year.
All the choices are true.
TB MC Qu.09-68(Static) Joe is a self-employed electrician who operates... taxes

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