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:
Writer rely on word choice to C. communicate tone.
Explanation:
Tone is the author's attitude toward his or her subject, characters, and readers. It is achieved through word choice (diction), sentence construction and word order (syntax), and by what the viewpoint character or the narrator focuses on. The tone of a piece can be happy, sad, melancholic, sarcastic, etc. The words chosen by the author will help convey such tone. For instance, if a speaker in a poem talks of sunshine, brightness, birds chirping and so on, we can infer the tone of the poem is happy, peaceful.
The answer to your question is,
A prime meridian is a meridian in a geographic coordinate system at which longitude is defined to be 0°. Together, a prime meridian and its antimeridian form a great circle. This great circle divides the sphere, e.g., Earth, into two hemispheres.
-Mabel <3
Answer:
Natural resources are things that exist without any actions from human-kind. This is something like wood or stone.
However artificial resources are things that are man-made. These are things such as paper.
Answer:
Ask about attention problems and whether or not the patient makes impulsive decisions.
Explanation:
I have ADHD so I understand
