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: B. <span>cultural pluarlism
Cultural pluralism is formed when </span><span>when smaller groups of minorities within a society decided to keep their unique </span>cultural<span> traits.
Examples of cultural pluralism, japanese immigrants that came and assimilate in united states but still preserve the tradition of bowing down when meeting new people.</span>
i believe the answer is: Fuel filter
Fuel filter is a part of your vehicles that screens out various form of small particles from the fuel (such as dirts). Every 15,000 miles, there would be a chance that your fuel filter is clogged. If this fuel filter is not changed, it would be hard for you to start your car.
The remaining part of the question is as follows:
Increase the dividend payout ratio for the upcoming year.
Increase the percentage of debt in the target capital structure.
Increase the proposed capital budget.
Reduce the amount of short-term bank debt in order to increase the current ratio.
Reduce the percentage of debt in the target capital structure.
Answer: Increase the percentage of debt in the target capital structure.
The correct answer is C) Clans were made up of lineages that were descendants of multiple ancestors from different regions of Africa.
The statement that best describes evidence of a multicultural mix in East Africa is "Clans were made up of lineages that were descendants of multiple ancestors from different regions of Africa."
Let's set an example. The influence of the Bantu culture in East Africa that influenced Swahili civilization. Three thousand years ago, the Bantu people arrived in this area of Africa and settled in. They influenced the development of the Swahili in the regions of Mozambique, Kenya, and Tanzania.
