Mario Is an Employee of Flores Company

question 101

Multiple Choice

Mario is an employee of Flores Company. The company regularly pays its employees by direct deposit on or before the last day of each month. Mario's regular paycheck is deposited on December. 31, 2014, but Mario was away on vacation and didn't return until January 15, 2015. The gross amount of the check is included in Mario's 2014 income. Which of the following concepts or doctrines best explains this treatment?

• A) Wherewithal-To-Pay Concept.
• B) All-inclusive Income Concept.
• C) Capital Recovery Concept.
• D) Claim of Right Doctrine.
• E) Constructive Receipt Doctrine.

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Definitions:

Organizations

Entities comprised of multiple people working together towards common goals or objectives, often structured and managed according to a system.

Arbitration

A form of dispute resolution where an independent third party makes a binding decision to resolve a disagreement between parties.

Labour Relations Practitioners

Professionals who manage the relationship between employers and employees, including negotiations, contracts, and workplace disputes.

Unacceptable Solutions

Proposed resolutions to problems that are deemed insufficient, inappropriate, or ineffective by stakeholders.