Which of the Following Criteria Is Not Required Under the Tax

question 39

Multiple Choice

Which of the following criteria is not required under the tax concept of income?

• A)There must be economic benefit.
• B)Income must be realized.
• C)Income must be recognized.
• D)Cash must be received.

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Definitions:

Foreign Born

Individuals who were born outside of the country in which they currently reside.

Linear Model

A statistical model used to describe the relationship between one or more explanatory variables and a continuous response variable by a linear equation.

Scatterplot

A graphical representation that uses dots to show the relationship between two sets of data.

Data Points

Individual pieces of factual information collected for analysis.