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:
case study research
Explanation:
Case study is mostly done in social sciences in which one person, group or event is target for in-depth study. In case study mostly real-life context is studying and researcher try to explore these real-life context with help of case study. Like in this example a 13-year old locked up and studied its ability of language is case study.
Answer:
B. Venue
Explanation:
It should be understood that a venue can be described as a place where an organized event can take place.
It can further be explained as a jurisdiction where a civil case or trial can be heard. That is, the place from which a jury is drawn and in which trial is held.
In this case, the state court in Tennessee where Billy knows he can brings or presents his case against Bob, is known to be a venue.
Answer:
Oakland, California, United States
he did so to feel and show that you can be diferent
Explanation:
