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astraxan [27]
3 years ago
13

Gross income includes_____________.a) all income from whatever source derived unless excluded by awb) excluded incomec) deferred

incomed) all realized income
Business
1 answer:
babymother [125]3 years ago
8 0

Answer:

The correct answer is letter "A": all income from whatever source derived unless excluded by law.

Explanation:

Gross income is the total income of a person before taxes and other changes. Gross income is the basis for determining the taxes an individual has to pay. Gross income is the sum of a person's salary, wages, tips, capital gains, dividends, interest, rents, pensions, and alimony.

<em>The tax definition of Gross Income states it represents all income of individuals regardless of the source derived except those excluded by law.</em>

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