Which of the following is not a characteristics of income?
a. Increase in taxpayers wealth
b. Return of taxpayers wealth
c. Realization or receipt of gain
d. Earnings constructively received
Answer: b. Return of taxpayers wealth
Which of the following is not a characteristics of income?
a. Increase in taxpayers wealth
b. Return of taxpayers wealth
c. Realization or receipt of gain
d. Earnings constructively received
Answer: b. Return of taxpayers wealth