Answer:
sorry but I do not know the answer
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)
Answer:
Copernican Revolution, shift in the field of astronomy from a geocentric understanding of the universe, centred around Earth, to a heliocentric understanding, centred around the Sun, as articulated by the Polish astronomer Nicolaus Copernicus in the 16th century.
Explanation:
https://www.britannica.com/topic/Copernican-Revolution
Answer:
Brain
Explanation:
The brain is an important part of the body of a person. The brain is the largest and complex part of the human body. The human brain is made up of many neurons that communicate through the synapse. The above statement indicated that Janice when she was young engaged in many tasks at one time.
But now she is old around 55 years old, due to the aging effect she reduced her attention and concentration. She reduced her memory. Due to the aging effect, she is not able to concentrate on multiple tasks at one time. Thus when she was young she was able to concentrate on many tasks but in her older age, she is not able because of the aging effect.
