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    Constructively Received Income

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    Tax Question:

    Which of the following would be considered "constructively received?"

    i. interest credited to a savings account
    ii. a check received after banking hours
    iii. a paycheck received from employer, when employer does not have funds in the bank to cover the check

    a. I only
    b. II only
    c. III only
    d. I & II only
    e. None of above

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    https://brainmass.com/business/accounting/constructively-received-income-544414

    Solution Preview

    I & II are both received under constructive receipt. III is not received under ...

    Solution Summary

    This solution provides the correct answer with complete explanation to the constructive income multiple choice question listed.

    $2.19

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