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All of the Following Are Considered "Constructive Receipt" of Income

Question 23

Multiple Choice

All of the following are considered "constructive receipt" of income, except:


A) Lori was informed her check for services rendered was available but she did not pick it up.
B) Pierre earned income that was received by his agent but was not received by Pierre.
C) Jacque bought a 9-month certificate of deposit in November 2012. It earned $200 interest in 2012. She can withdraw the principal and interest in 2012 if she pays a penalty of one month's interest ($100) .
D) A payment on a sale of real property place in escrow pending settlement at which time title would convey.

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