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:freedom of speech for individuals and lawmakers
Explanation:
Answer:
they believe online interaction can enhance face-to-face interaction especially if one is looking up information relevant to the conversation
Explanation:
In face to face communication there is both verbal and non verbal communication where is bodily and facial gestures depics degree of involvement while in online communication there is only written communication hence here information exchange is of prime importance hence in online information if degree of information exchange is high then what other person is doing is of least concern.
Answer:
When there are conflicting decisions on the same issue by different court of appeals and when there is a rulling based on racial discrimination.
Explanation:
A writ of certiorari is simply an order a higher court such as the Supreme Court gives for them to evaluate the decisions and processes in a lower court. This enables the higher court to ascertain if there are wrongdoings in the process. Cases have been brought to the U.S Supreme Court on a regular basis through this method and they have granted only about 1.1% of over a thousand cases.
Writ of certiorari can be issued when a court of appeals in the U.S has made a decision in court which is conflicting with the decision made by another court of appeals in the same country, on the same issue. The losing party in both scenarios here can appeal to the Supreme Court.
Also, where there is an appeal court ruling that does not favor a citizen on a basis of racial discrimination with no precedent, the decision can be appealed. Similar incident happened in the case by Ricky Brown, Raishawn Morris, Charles Battiste against the City of Oneonta, New work in which it was alleged that the enforcement officials carried their tasks while targeting minority members of the area for interrogation based on race.
