Answered: If an employee’s income is reported…

If an employee’s income is reported based on the total amount received in a year, what basis is the employment income at? Basic Accrual Cash Net

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter8: Payroll Accounting: Employee Earnings And Deductions

Section: Chapter Questions

Problem 3SEA

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Question

1. If an employee’s income is reported based on the total amount received in a year, what basis is the employment income at?
1. Basic
2. Accrual
3. Cash
4. Net

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