Which of the Following Is Not a Necessary Condition for Income

question 106

Multiple Choice

Which of the following is not a necessary condition for income to be included in gross income?

• A) income must be made available to a taxpayer on the cash basis.
• B) income cannot be excluded by law.
• C) income must be realized.
• D) income must be paid in cash.
• E) All of the choices are correct.

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Definitions:

Scientific Management

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity.

Human Relations

An area of management practice focusing on improving worker productivity through better interpersonal interactions and understanding of human behavior in the workplace.

Part-Time Work

Employment that does not provide the full number of hours considered standard or full-time in a given industry, typically involving fewer hours per week.

Taylorism

A management theory emphasizing efficiency, by systematically organizing tasks and breaking them down into small, simple steps.