When Kerri Filed Her 2016 Tax Return on April 15,2017,she

question 23

Multiple Choice

When Kerri filed her 2016 tax return on April 15,2017,she did not include a $2,000 bonus received from her employer on January 10,2017 relating to her work performance during 2016.What concept,construct,or doctrine supports Kerri's actions?

• A)Arms-length Transaction Concept.
• B)Substance Over Form Doctrine.
• C)Constructive Receipt Doctrine.
• D)Claim of Right.
• E)Entity Concept.

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Definitions:

Decree Of Divorce

A legal document issued by a court that formally ends a marriage, detailing the rights and responsibilities of each party.

Qualified Education Expenses

These are costs such as tuition and fees required for enrollment or attendance at an eligible educational institution, and course-related expenses.

Deductible Student Loan Interest

Interest paid on a qualified student loan, which may be deductible, reducing the taxable income of the payer.

Tuition And Fees

Charges associated with enrollment and attendance at educational institutions, including costs for classes, administration, and sometimes room and board.