They thought the government would get like Britian and deny them of their rights
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)
The answer is B evolution:))
Answer:
beaches
Explanation:
Los Angeles is home to some of the USA’s best beaches and each one has its own unique character. Venice Beach is one of LA’s most known beaches and with its numerous galleries, quirky shops, street performers, Muscle Beach body-builders and more, it's the perfect place for a spot of people watching! Santa Monica is another fantastic LA beach district and its perfect for those who want to chill out in the sun, get active on the beach or maybe do a spot of shopping. Outside of these two beaches though, you can find a whole host of others to visit including Manhattan Beach and Malibu.
The answer is: Conspicuous Consumption
Conspicuous consumption is the type of consumption that is not made to fulfill your basic needs to survive, it's made for sophistication or to increase your social status.
Jetting off to a remote destination for dinner is definitely very inefficient if the sole purpose is only to absorb necessary nutrients to your body. Sophistication or social status would most likely become the factors in such dinner activity.
