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the all - inclusive concept means that
generally includes all realized income from whatever source derived.
In the context of income taxation (a Business - Finance/Accounting subfield), the all - inclusive concept of income means that gross income generally includes all realized income from whatever source derived. This is a fundamental concept in tax accounting where gross income is the starting point for calculating taxable income and encompasses income from various sources like wages, business profits, investment income, etc.
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gross income