IFRS requires certain line items to be presented in the statement of comprehensive income (rather than just disclosed in the notes).Identify whether the following items are required in the statement of comprehensive income.
Definitions:
Provisional Income
Income calculation used to determine if a taxpayer's Social Security benefits are taxable.
Filing Status
A category that determines the rate at which an individual is taxed, based on marital status and sometimes other factors.
Economic Benefit
The advantage gained from salary, wages, investments, or any other source that increases an individual's wealth or resources.
Exempt
Not subject to an obligation, duty, or requirement; often used in the context of income that is not subject to taxation.
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