Study For the Bar Exam
Bar Exam Questions and Answers

Income Tax

This is a Question on "Income Tax"; what is the supreme court's definition of income? Category: CA - California Bar Exam...


Go Back   Study For the Bar Exam > Law
--- Register Now ---

Register FAQ Search Today's Posts Mark All Read

Tags:

Reply

 

Tools Search
Old 02-01-2008   #1
Rich Brown
New
 
Join Date: Feb 2008
Posts: 2
Rich Brown is new here, but building a  reputation
Income Tax

what is the supreme court's definition of income?

Category: CA - California Bar Exam
Rich Brown is offline   Reply With Quote
Old 02-01-2008   #2
Rich Brown
New
 
Join Date: Feb 2008
Posts: 2
Rich Brown is new here, but building a  reputation
income tax

Are wages as an employee exempt from income tax?

Category: Pre-Law
Rich Brown is offline   Reply With Quote
Old 02-01-2008   #3
mm
New
 
mm's Avatar
 
Join Date: Oct 2007
Posts: 3
mm is new here, but building a  reputation
Re: Income Tax

Quote:
Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in increases in equity, other than those relating to contributions from equity participants.
[F.70] (IFRS Framework)

Sorry, I don't understand your second question about wages. It is expense for the corporation/institution, but it is not exemption for the employee. May I ask under what theory do you think the wages are exempt from income tax for the employees?
mm is offline   Reply With Quote
Reply


Tools Search
Search:

Advanced Search


Similar Threads

Question Question Asker Section Answers Last Post
Does anyone have outline for Illinois tax law and admin law? brookny Law 0 11-30-2007 07:07 AM
How much does a lawyer make? kansmith Law 5 11-01-2007 05:10 PM
penalty fines on late filing of federal tax and state tax return a debt in surrogate court? winston Law 1 10-14-2007 04:00 AM


All times are GMT -8. The time now is 01:00 PM.


Powered by vBulletin® Version 3.6.11
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.