Question: 9. Which concept is NOT appropriately matched with its definition? (3 points) A) All-inclusive concept : Gross income includes all income from whatever source derived.

9. Which concept is NOT appropriately matched with its definition? (3 points) A) All-inclusive concept: Gross income includes all income from whatever source derived. B) Legislative grace concept: Exclusions and deductions must be specifically permitted by tax law. C) Realization concept: Income must be realized before it can be recognized. D) Character concept: All types of gross income are taxed equally.

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