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)
If he decides to run again, the election will occur in 2018.
Answer: Evan just used the process of metacognition.
Explanation: Evan decided to come over the disappointment that he had and consider what would be beneficial for him. He considered giving more importance to his passion for music and not the position. He came aware after thinking of the opportunity of learning that he would have in the band that he was selected in and thus decided to pursue it. He rethought his decision of quitting music and accepted what he was getting. This process of coming aware of the thoughts is known as metacognition.
Sexual harassment is when you make any unwanted sexual based comments or actions towards another person.
Gender discrimination is when you treat someone as unequal based solely on their gender.
Sexual Orientation Discrimination is when you treat someone as unequal based solely on the subject of their Sexual Orientation (Gay, Lesbian, Bisexual, Straight etc)
In the first 1000 years of Christianity, the Orthodox Catholic Church and the Roman Catholic Church were one Church, because of this both churches share many things in common.
They agree on the divine and human natures of Jesus, the apostolic succession; The triple ministry of bishops, priests and deacons; The sinless life of the Blessed Virgin Mary and the honor that is due to her as the Mother of Christ; the invocation of the saints; The acceptance of the seven sacraments of faith; The confession of sins before a priest; The use of icons in worship; And the solemn celebration of the communion and affirmation of its sacrificial nature as identical to the sacrifice of Christ, where the Eucharistic bread and wine become the body and blood of Jesus Christ.
