Answered: Elements of gross income

Business

Accounting

Elements of gross income

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter2: Income Tax Concepts

Section: Chapter Questions

Problem 16DQ

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Question

Elements of gross income, except:

A. There is return of capital

B. It must be realized

C. Not exempted by law or contract

D. None of the above

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