Identify the Rule That Determines Whether a Taxpayer Must Include

question 36

Multiple Choice

Identify the rule that determines whether a taxpayer must include in income a refund of an amount deducted in a previous year:

• A)Tax refund rule
• B)Constructive receipt
• C)Return of capital principle
• D)Tax benefit rule
• E)None of the choices are correct.

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Definitions:

Visual Symbolism

The connotative (as opposed to the denotative, or literal) meaning of visuals.

Shapes

The external form or appearance characteristic of someone or something; the outline or contour of an object.

Colors

Visual properties perceived by people, typically resulting from the light they emit or reflect, and are used in design to convey emotions or messages.

Visual Parallelism

The practice of using visually similar elements within a single piece of work to create a sense of unity and balance.