Claim of Right States That Income Has Been Realized If

question 116

True/False

Claim of right states that income has been realized if a taxpayer receives income and there are substantial restrictions on the taxpayer's use of the income.

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Definitions:

Three Mile Island

The site of a significant nuclear power plant accident in Pennsylvania, USA, in 1979, which resulted in a partial meltdown but without immediate casualties; it raised concerns about nuclear energy safety.

Church Committee

A U.S. Senate committee in the 1970s that investigated abuses by the CIA, FBI, NSA, and other intelligence agencies, especially regarding domestic spying.

Pentagon Papers

A classified study of the Vietnam War that was leaked in 1971, revealing government deception regarding the war's conduct and sparking a major freedom of the press controversy.