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:
he should be remembered because he was a founder of the province of Manitoba and a political leader of the Métis people.
Explanation:
Answer:
The correct answers are letters "C" and "E".
Explanation:
FE stands for Fundamentals of Engineering. It's a computer-based exam given to scholars who are about to finish an engineering career or who have recently finished one and who would like to become a professional licensed engineer (P.E.). The P&P (Pencil-and-Paper) format of the FE is available once or twice per year according to the examinee population. In order to register for the P&P exam, the applicant must first have permission from the state licensing board. Every state has its own test edition. Licensing can involve passing one or both of the exam versions of that state in another state.
Answer:
Neutrality
Explanation:
Charles Lindbergh was the son of a United States Congressman, so is easy to assume he had some political understanding due to this context.
He was the first person to fly alone, through the Atlantic ocean, without stopping. This achievement made him an idol to millions.
Years later, when President Franklin Roosevelt was puhhing an illegal campaign to involve the US into the European war, he took advantage of the fame he had obtained, and actively opposed to this action. It is considered that he became the voice of the great majority of people from the US by taking that position.
He began giving speeches throughout the country, one that was very important was on "Neutrality and War," October 13, 1939.
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PLEASE MARK BRAINLIEST!</u></h2>
Answer:
The answer is...
Explanation:
<h3>A) make Germany pay for the destruction of the war</h3>
According to quizlet, "The reconstruction of Germany after World War II was a long process. Germany had suffered heavy losses during the war, both in lives and industrial power. ... Millions of German prisoners of war were for several years used as forced labor, both by the Western Allies and the Soviet Union.
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I hope this helps!
- sincerelynini
