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aleksandr82 [10.1K]
3 years ago
9

Individual writes a proposed amendment

Social Studies
1 answer:
zubka84 [21]3 years ago
3 0
Individual writes a proposed amendment is called : Initiative

With initiative, an individual could propose a legislation at the polls of the law making power of the Government's branch, Including an amendment.
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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.

f. Gross income is not limited to cash received.

Answers:

a. True

b. True

c. True

d. False

e. True

f. True

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