She could take caution on what she buys enough to pay them
Answer: the answer is B
Explanation:the local and state governments use their taxes to pay taxes to the national government. each level of government equally provides revenue for every service in the united states. different levels of government provide different services that must be paid for by taxes.
Money is important in life because it ultimately decides your status, your stability, and what your future will look like. It is especially in high demand right now, and many people just can't make enough to sustain themselves and their families, resulting in the growing homeless crisis and in many families needing financial aid and help from other people to survive. People try to get so much of it and no one even thinks to care about trees being cut down, when it comes to their life. People just want to be able to live without piling debts and stress in regards to money and stability in life.
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)
<u>Answer:</u>
The first action taken by Congress was that of passing an act to regulate the time and manner of administering certain oaths.
<u>Explanation:</u>
- New York City was chosen as the temporary capital of the United States and the first Congress met here in March 1789.
- The issues on the unwritten agenda were that of creating a treasury, a war machinery, a foreign affairs department, a sound tax system, a strong judiciary, etc.
- All of these issues were considered by the Congress one by one and the offices for the same were established by passing necessary laws through the next few meetings of the Congress.
