1 the instructions accompanying the federal income tax, Ask an Expert

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1. The instructions accompanying the federal income tax return (Form 1040) provide examples of items that must be included in gross income, but they do not list all possible types of income subject to tax. Would these instructions be improved if they included a complete listing of taxable sources of income? Indicate the source of your opinion.

2. Does the economist's concept of recognizing income differ from the concept used in measuring taxable income?

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Financial Management, Finance

Category:- Financial Management
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