According to the U.S.Supreme Court, income may be defined as the gain derived from capital, from labor, or from both combined provided it is understood to include profit gained through sale or conversion of capital assets.()

To keep the employees on the premises in case an emergency arises, the Riverview Hotel provides meals to its employees in a room adjacent to their restaurant.Since the meals are provided as a convenience to the employer and on their premises, the value of the meals is excluded in the income of the employees.() 点击查看答案

The Nadal Company mails its annual dividend check on December 31.Even when the shareholders receive their check in the following year, they must report the income in the year the check was written and mailed.() 点击查看答案