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Romashka [77]
3 years ago
14

A society depending upon the spoken word is called a(n) _______ culture.

Social Studies
1 answer:
zhannawk [14.2K]3 years ago
7 0

The answer is oral culture or oral tradition. It is a type of human communication where in facts, art, thoughts and cultural material is established, preserved and conveyed orally from one generation to another. The spread is through speech or song and may consist of ballads, folktales, chants, verses or prose.

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While the Constitution grants Congress the power to tax income, it does not define the term. b. The Supreme Court has held that
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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.

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Answers:

a. True

b. True

c. True

d. False

e. True

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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)

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