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)
That answer is true because they the say it in the book and plus i have tooken this test once and the correct answer to this question is true
Answer:Canada, with its large landmass and diversified geography, has substantial renewable resources that can be used to produce energy; these resources include moving water, wind, biomass, solar, geothermal, and ocean energy.
Explanation:How is this answer.
<span>Blue Shift wouldn't effect the big bang theory at all. A light move towards us it is in the blue spectrum of light and as it moves away it is in the red spectrum. Now if they discovered redshift in a distant galaxy that might change things.Does that help? </span>
Answer:
Adaptability.
Explanation:
Theorists use a Circumplex Model to conceptualize clustering of different theoretical concepts from family theory and other social sciences - sociology, psychiatry, etc. This clustering revealed two central dimensions of the way people behave in family systems: Cohesion and Adaptability.
1. Family Cohesion:
is defined as emotional bonding of family members. It includes bonding, boundaries, time, space, decision making, friends, etc.
2. Family Adaptability:
is defined as the way in which a family power structure, roles, rules when they need to respond to situational and developmental stress. In this dimension the concepts of assertiveness, control and discipline, negotiation styles are included.
