Taxpayers Need Not Include an Income Item in Gross Income

question 63

True/False

Taxpayers need not include an income item in gross income unless there is a specific tax provision requiring the taxpayer to include the income item in gross income.

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Definitions:

Chemotherapy

A type of cancer treatment using drugs to destroy cancer cells, often by inhibiting their growth and division.

Taste Buds

Sensory organs located on the tongue that allow us to perceive different tastes.

Perilymph

The fluid located within the labyrinth of the inner ear, playing a crucial role in hearing and balance.

Bony Ossicles

Small bones, often found in the middle ear, that aid in hearing.