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)
Most are Christians: either Roman Catholic or Protestant.
Answer:
the rights of displaced tribals of Madhya Pradesh who were earlier not given the rights to fishing in the Tawa reservoirs owing to the monopoly of state-level corporations
Answer:
The correct answer is 1. Five Factor.
Explanation:
Personality is the set of traits and qualities that make up the way of being of a person and that differentiate it from others. There are traits that make up the basic core of our personality that are difficult to change, especially from adulthood. The theory that makes up the "Five Factor" was born as a result of various studies that tried to find out what the factors and triggers are to explain people's personalities. This model is based on five factors or basic dimensions of the personality trying to establish to what degree they are present in the individual. According to Goldberg, the five great personality traits, also called main factors, receive the following names: factor O (openness to new experiences), factor C (conscientiousness, the ability to self-control and the ability to design effective methods of action), factor E (extraversion, analyzes how much the person likes being around others), factor A (agreeableness, the degree of tolerance and respect of a person) and factor N (neuroticism or emotional instability, ability of a person to endure situations stress or problems in life)
