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Author Question: Which of the following criteria isnotrequired to be met under the tax concept of income? (Read 55 times)

crazycityslicker

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on: Sep 13, 2020

Question 1

Raoul sells household items on an Internet website.  He receives $3,340 cash and a pair of high-power binoculars from this activity during the year.  What tax issues should Raoul consider?

Question 2

Which of the following criteria is not required to be met under the tax concept of income?
◦ There must be economic benefit.
◦ Income must be realized.
◦ Income must be recognized.
◦ Cash must be received.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by crazycityslicker on Sep 13, 2020

blakcmamba

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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crazycityslicker

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

pratush dev

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Reply 3 on: Yesterday
:D TYSM

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