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ddd [48]
3 years ago
10

Based on the information in the table, which two elements are most likely in the same group, and why?

Social Studies
1 answer:
Alenkasestr [34]3 years ago
4 0
Bismuth and nitrogen
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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
77julia77 [94]

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)

4 0
3 years ago
In trying to create a better, more efficient, and equitable living environment, the idea of a smart city best reflects which urb
nika2105 [10]

The name which is given to the urban imaginary where a person is trying to create a better, more efficient, and <em>equitable living environment,</em> and uses the idea of a smart city is:

  • <u>The utopian city</u>

According to the given question, we are asked to state the name which is given to the urban imaginary where a person is trying to create a better, more efficient, and <em>equitable living environment,</em> and uses the idea of a smart city.

As a result of this, we can see that an urban imaginary has to do with the understanding of the empirical world and the ways to make it a better place for everyone.

With this in mind, when the idea of a smart city comes up, we can see that there is the aim to create a better and more efficient environment, this is the utopian city which is considered perfect.

Read more here:

brainly.com/question/15923541

5 0
3 years ago
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