A Revenue Ruling Is a Legislative Source of Federal Tax

question 5

True/False

A Revenue Ruling is a legislative source of Federal tax law.

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Definitions:

World's Land Area

Refers to the total surface area of the Earth that is covered by land.

Forested

Describes an area covered with forests or having a large amount of tree cover.

Percentage

A way of expressing a number as a fraction of 100, used to compare proportions.

Land

In addition to the part of the earth’s surface not covered by water, this term refers to any and all natural resources (“free gifts of nature”) that are used to produce goods and services. Thus, it includes the oceans, sunshine, coal deposits, forests, the electromagnetic spectrum, and fisheries. Note that land is one of the four economic resources.