Question

except as otherwise provided, gross income means all income from whatever source derived. 1. true 2. false question 2 1 pts under the tax concept of income, all realized income is recognized and subject to tax. 1. true 2. false

Explanation:

1. By definition, gross income includes all income from any source, unless specified otherwise. So the first statement is true.
2. Not all realized income is subject to tax. There are exclusions and deductions in the tax - code. So the second statement is false.

Answer:

1. True
2. False