This is for Tax I. For question 1 the answer is not All-inclusive income concept. For question 7 The answer is not substance over form doctrine.

Question 1 Mario is an employee of Flores Company. The company regularly makes employees' paychecks available in the payroll office on the last day of each month. Mario's December 31, 20X1 paycheck was ready for him on time, but he did not bother to pick it up until January 5, 20X2. Which of the following concepts or doctrines best explains why Mario is taxable on the December 31 paycheck in 20X1? 1) All-inclusive Income Concept 2) Claim of Right Doctrine. 3) Constructive Receipt Doctrine. 4) Wherewithal-To-Pay Concept. Question 7 On December 20, 20X1. Lifetime Corporation issues a $10,000 bonus check to Ana Maria. The CEO of Lifetime asks Ana Maria to hold the check until at least January 4, 20X2. when there will be enough deposits to cover the check. Ana Maria is not required to recognize the $10,000 in 20X1 because of which of the following? 1) Arm's Length Transaction Concept. 2) Claim-of-Right Doctrine. 3) Constructive Receipt Doctrine. 4) Substance-Over-Form Doctrine. OLD