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:C
indecision
According to the passage, in Shakespeare’s tragedies, “A tragic flaw is a defect in a character that leads to his or her demise and, often, death at the end of the play. In Shakespeare’s tragedy Hamlet, the main character Hamlet’s indecision over whether to avenge his father’s death leads to his downfall.” This shows that Hamlet’s tragic flaw is his indecision.
Explanation:
Answer:
Right attentiveness is a path that leading to the purification of beings, overcoming the emotions of sorrow or mourning, withering of pain or grief, etc.
Explanation:
Gautam Buddha, after his enlightenment, preached about his enlightenment and the way to attain moksha.
He created the noble eight-fold path that helps a person attain moksha.
Right attentiveness or mindfulness is the seventh of the eight-fold path. According to Buddha, there are four dimensions of this path, body, feelings, states of mind, and phenomenon.
A person who achieves this seventh fold path will be able to attain purification, overcoming emotions such as sorrow or mourning, pain, and grief withers away, etc.
Answer:
Social harmony can be defined as the state of well-being and peace between the different individuals that make up a society. Thus, the main objective or component of this concept is precisely the possibility of this society to develop with total normality, avoiding political, religious or cultural conflicts between its different members, tolerating ideological differences or criteria, and considering the differences as enriching and not as causes of conflict.
Answer:
Projection
Explanation:
According to my research on the different types of defense mechanisms, it can be said that based on the information provided within the question- this defense mechanism is called Projection. This is a defense mechanism where the persons ego protects itself against unconscious impulses by denying their own feelings while judging other people for having those feelings/attributes.
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