Identify the Rule That States That Income Has Been Realized

question 32

Multiple Choice

Identify the rule that states that income has been realized when a taxpayer receives the income and there are no restrictions on the taxpayer's use of the income (e.g., no obligation to repay the amount) :

• A) Claim of right.
• B) Constructive receipt.
• C) Return of capital principle.
• D) Wherewithal to pay.
• E) None of the choices are correct.

---

Definitions:

Vaccines

Biological preparations that provide immunity to specific diseases by stimulating the body's immune response.

Social Conditions

Circumstances within society, such as poverty, education levels, and employment, that affect individuals' lifestyle choices and health outcomes.

Childbed Fever

Also known as puerperal fever, a bacterial infection contracted by women during childbirth or miscarriage, characterized by severe fever and possibly fatal.

Hand Wash

The act of cleaning one's hands using water and soap or other cleansing agents to remove dirt, germs, and unwanted substances.