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:
<u>Norms provide members with cues about how to behave.</u>
Explanation:
<u>Norms: </u>IN psychology, the term "norm" is referred to as unwritten yet understood limitations or rules of a particular culture or society for the different behaviors that are being considered as expected and acceptable.
<u>Norms </u>are considered as fundamental concepts in the area of "social science". Norms can either be prescriptive (to encourage positive behavior) or proscriptive (to encourage negative behavior).
<u>In the question above, the given statement signifies "Norms provide members with cues about how to behave".</u>
<h2>Answer:</h2><h2>You can't keep going on one until it turns into the other. East & West are just cardinal directions on a compass. In fact the only reason you can go south or north far enough to be the opposite is because you cross over a magnetic pole.</h2>
the answer is B because i just got it wrong and this is it
