Our religion, the food we eat, the clothe we wear and how we wear them, the music we sing, language, what we believe is right or wrong, how we seat on tables, how we greet vistors, how we behave with our loved ones and millions more, all contributed to american culture.
Answer: In a landmark ruling in 1945, the United States District Court for the Middle District of Georgia found in Mr. King's favor, deciding that the exclusion of black voters was unconstitutional under the Fourteenth, Fifteenth and Seventeenth Amendments.
Explanation:
Answer:
The answer is labor shortages.
Explanation:
A labor shortage can be defined as a condition related to the economy in which employers consider that there are not the necessary qualified candidates or employees who can be in charge of the different demands concerning the marketplace.
This situation is usually considered by economists as "an insufficiency in the labor force." Wage levels are considered a factor to measure a labor shortage. However, that factor is not usually related to the way through which people perceive things.
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)
