Marilyn operates a day care center as a cash-method sole proprietorship. On August 1st of this yearMarilyn received a prepayment of $4,000 for child care services to be rendered evenly over the next20 months. How much income must Marilyn recognize this year if she is attempting to minimize her tax burden?

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The Answer of Marilyn operates a day care center as a cash-method sole proprietorship. On August 1st of this yearMarilyn received a prepayment of $4,000 for child care services to be rendered evenly over the next20 months. How much income must Marilyn recognize this year if she is attempting to minimize her tax burden?

Marilyn Operates a Day Care Center as a Cash-Method Sole