The correct answer is that President Truman had not been expected to be reelected.In the f<span>amous photograph, Harry Truman holds up a newspaper that said "Dewey beats Truman." This demonstrates that it was considered impossible for Truman to win the election</span>
Full question:
Indicate whether the following statements are "True" or "False" regarding the concept of gross income.
a. While the Constitution grants Congress the power to tax income, it does not define the term.
b. The Supreme Court has held that there is no income subject to tax until the taxpayer has recovered the capital invested.
c. Economists measure income (economic income) by first determining the fair market value of the individual's net assets (assets minus liabilities) at the beginning and end of the year (change in net worth).
d. Accounting and tax rules regarding income are the same.
e. The accounting concept of income is founded on the realization principle.
f. Gross income is not limited to cash received.
Answers:
a. True
b. True
c. True
d. False
e. True
f. True
Explanation:
1.The constitution of the United States allows for power to tax income however it doesn't define tax.
2.income is not subject to tax until there is profit from capital invested as ruled by the Supreme Court of the United States
3. Measurement of income in Economics involves applying the concept of fair value to measure income at the beginning and end if the year and notice any changes that may have occurred
4. Accounting and tax rules regarding income are not the same. Accounting however complies with tax rules for accounting purposes.
5.the realization principle involves income earned or losses incurred(not necessarily received in cash or given out)
6.Gross income encompasses all(recognizable) earned income for the period(cash or not)
Answer:
The Romans
Explanation:
They were called the "mother culture" because most of the Romans society's government ideals are expressed through American government today. Like the idea of representative government.
Answer:
Sea routes were used to move goods between Europe and Jerusalem.
Explanation:
During the late medieval period, most trade between Europe and Jerusalem was done by sea routes, this is because shipping goods through the sea was much cheaper than doing so by land.
This trade routes were dominated by the Italian maritime republics of the late medieval period: the Republic of Venice, the Republic of Genoa, and the Republic of Pisa.
Answer:
Cibophobia
Explanation:
This phobia is one when people are afraid of a type of food. It may be bad memories from the past or they simply don't like that specific category of food.
