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:
Surge protection, is the right answer.
Explanation:
A surge protector is a device invented to protect the electrical appliances from voltage spikes. And the protection given by this device to the electrical appliances is called surge protection. A surge protector helps us to check the degradation of internal microprocessors in our electronic appliances. At the time when the voltage approaches a high point, surge protectors re-route the additional voltage with the help of a pressure-sensitive valve and thus provide protection to our devices.
<h2>
<em>the_</em><em>_</em><em>_</em><em>_</em><em> </em><em>is the basis of any civilized process</em></h2>
- <em><u>agriculture</u></em>
<em><u>hope </u></em><em><u>it</u></em><em><u> helps</u></em>
Answer:
about 8 years so two terms but it is possible to be president for 10 years
Answer:
true
Explanation:
According to my research on the promotion strategy, I can say that based on the information provided within the question this statement is completely true. Promotions are used by all companies and business' and include a wide range of techniques in order to inform, persuade, or remind the audience to purchase/attend a product/service.
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