Identify the Rule That States That Income Has Been Realized

question 2

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:

Subtitle Style

Predefined aesthetic properties applied to subtitle text, including font size, color, and position on screen.

Match Selection

In computing, a feature allowing users to automatically select or highlight text or data that matches certain criteria or patterns.

Citation Placeholder

A temporary marker used in document preparation that will later be replaced with the full citation information.

Insert a Footnote

The action of adding supplemental information or citations at the bottom of a page in a document.