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Hitman42 [59]
4 years ago
9

Which political party currently controls BOTH chambers of Congress? * 2 points

Social Studies
1 answer:
Bad White [126]4 years ago
6 0
The answer is that Republicans control Congress.
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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).

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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)

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solution

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and It also use for refer to Presidential power that given from constitution

and president of the United States of America can issue executive order and that is direct how existing laws is interpreted and enforced in the executive order

because president will be implement the policy  and supervises  executive branch in government and  prepare executive budgets for submission to congress and appoint and remove executive official

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Answer:

Plea bargaining

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