TRUE OR FALSE? 1st statement: Interest income must be included in the computation of gross income if it was not subjected to final tax.
TRUE OR FALSE? 1st statement: Interest income must be included in the computation of gross income if it was not subjected to final tax.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
TRUE OR FALSE?
1st statement: Interest income must be included in the computation of gross income if it was not subjected to final tax.
2nd statement: Compensation constructively paid must be included in the computation of gross income if it was nor previously subjected to withholding tax.
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