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)
The breaking up of something such as federation.
Example:
“His rejection of disunion was consistent with his nationalism”
Hope this helps!
<span>Containing criminals
to render them unable to harm others outside of the prison is referred to as
the duty to rescue. The duty to rescue is one of the legal duties and also
called as the Good Samaritan laws. The answer to the statement is the duty to
rescue.</span>
The best that describes the B section is:
- It makes a shift to a minor tonality.
Let's understand what a tonality is all about.
<h3>Tonality </h3>
- Tonality, in music refers to the principle of actually organising musical compositions.
- The arrangement is done around the central note, the tonic.
<h3>George Handel</h3>
- George Handel was known to be a German-British Baroque composer.
- He was known for his anthems, operas, oratorios, organ concertos, e.t.c.
- He had influences from middle-German polyphonic choral tradition and from Italian Baroque.
Learn more about Handel on brainly.com/question/1082978
Answer:B. communitas
Explanation:
Commubitas is a term that refers to strong feelings of social oneness and belonging that is actual associated
or brought by the practice of rituals.
The togetherness brought by these rituals create strong bonds within the society. The interactions that are brought by these rituals such as teaching young women and being taught by older woman bring that closeness amongst these generations of this society.
