Income tax is triggered any time an individual receives any form of property in exchange for performing services.

Name: Income tax is triggered any time an individual receives any form of property in exchange for performing services.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true because income tax is levied on all kinds of income that an individual earns, including income earned through services rendered. Therefore, any form of property received in exchange for performing services would be subject to income tax.

Income Tax Is Triggered Any Time an Individual Receives Any