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The Nature of Gross Income ( LO 2 . 1 ) The definition of gross income in the tax law is: a . All income
The Nature of Gross Income LO
The definition of gross income in the tax law is:
a All income from whatever source derived unless the income is earned illegally.
b All cash payments received for goods provided and services performed.
c All items specifically listed as income in the tax law.
d All income from whatever source derived.
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