Makayla, a cash basis saleswoman, receives commissions in February 2013 based on sales made in the last quarter of 2012. fte commissions are includible in 2012 gross income.

Name: Makayla, a cash basis saleswoman, receives commissions in February 2013 based on sales made in the last quarter of 2012. fte commissions are includible in 2012 gross income.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

She received the money in February 2013 and that is when it is taxable

Makayla, a Cash Basis Saleswoman, Receives Commissions in February 2013