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Which of the following statements are true? (There are multiple correct answers) 1.As a general rule, the person who receives the benefit of the income
Which of the following statements are true? (There are multiple correct answers)
1.As a general rule, the person who receives the benefit of the income must pay the tax on the income.
2.As a general rule, property is taxed to the person who owns the property.
3.As a general rule, income from services is taxed to the person who earns the income.
All of these statements are true.
4.As a general rule, the assignee of income from property must pay tax on the income.
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