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:
Option B
Explanation:
Procedural justice relates to the concept of equity in conflict resolution procedures and the distribution of assets. One dimension of constitutional justice relates to the judicial management and civil proceedings conversations.
Procedural justice involves the equality and accountability of the decision-making procedures which can be linked with distributive punishment which retributive liberty. Hearing both stakeholders before a judgment is rendered is some phase that should be deemed appropriate such that a procedure can then be described as procedurally reasonable.
Answer:
True
Explanation:
I learned it in 5th grade
Answer:
C. British impose taxes on colonies to cover costs of war.
Explanation:
Makes most send to me. Hope this helps.
According to Merton's typology of prejudice and discrimination, Xavier is an unprejudiced nondiscriminator, whereas Reuben is a prejudiced nondiscriminator.
<h3>Unprejudiced vs. Prejudiced</h3>
Xavier and Reuben cannot be accused of discrimination of African Americans since they both accept them in their chess club. However, there is a big difference between Xavier and Reuben, even if their behavior is the same.
Xavier truly believes African Americans are as intelligent as white Americans, which means he is unprejudiced. Reuben, on the other hand, does not hold the same belief. He is prejudiced against African Americans, thinking they have weak cognitive abilities.
Therefore, even though both can be considered nondiscriminators, Xavier is unprejudiced, whereas Reuben is prejudiced.
Learn more about nondiscriminators here:
brainly.com/question/13782165
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