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)
I believe the answer is Paul Tillich
According to Tillich, humans are creatures that would always experience concerns from various aspects of our live (money, relationship, etc)
He believed that religion is a form of ultimate concern because it requires you to do total surrender to an entity that you've never met before.
Sorry, but what kind of question is that? Could you expand your question more?
Answer:
<em><u>The Civil War or American Civil War (in English, American Civil War, or simply Civil War in the United States) was a warlike conflict fought in the United States from 1861 to 1865. As a result of a historical controversy over slavery, the War broke out in April 1861, when forces from the Confederate States of America attacked Fort Sumter in South Carolina, shortly after President Abraham Lincoln took office. Union nationalists proclaimed allegiance to the United States Constitution. They faced secessionists from the Confederate States, who defended the rights of the states to expand slavery.</u></em>
Explanation:
<h2>MEXICAN ♥</h2>
D. horizontal
A seismograph records up-down (vertical), north-south, and east-west. It does not record horizontal motions.
