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)
-Strong military forces
- Increase in trade
-Alliances among small villages (alliances with the Romans)
Here is the full data for the quesion
<span>
At the large multi-specialty clinic in which you work, there have been two near misses and one medical error because various clinicians did not follow up on patient results. Different caregivers were involved each time. After the second near miss, the physician involved was asked to leave the clinic.
</span><span>This outcome is an example of a failure of which aspect of a culture of safety?</span>
The answer is Fairness
In the aspect of a culture safety, fairness refers to the fact that all people should be held accountable for their action.
In that case above, The clinicians should be held responsible for their action by giving them some sort of warning/trial and give the patients a fair compensation for the damage that the clinic has done.
Incomplete/unclear question. The correct question read;
<u>88% </u>of all Rutgers/Newark students will get drunk this weekend. P2: Booze-Head is a Rutgers/Newark student. Can it be inductively concluded that Booze-Head will not get drunk this weekend?
Answer:
<u>No</u>
Explanation:
<em>Remember,</em> inductive reasoning is often based on<u> broad generalizations from specific observations.</u>
So since from this scenario, a broad generalization was made that <u>88% </u>of Rutgers/Newark students will get drunk this weekend, it seems <u>unlikely </u>and illogical that Booze will not be among those getting drunk on the weekend.
