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Unlike gross income, income is defined as ____ All worldwide gain from whatever source derived, unless specifically excluded from taxation by law. Earnings, by law
Unlike "gross income," "income" is defined as ____
All worldwide gain from whatever source derived, unless specifically excluded from taxation by law.
Earnings, by law subject to tax, realized in any form whether in money, property, or services.
Financial gain derived from labor (work), capital (money), or a combination of the two.
Financial gain subject to tax.
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