Which of the following statements about the character variable is true?

Question

Quizplus · Accepted Answer

The character of income is determined by tax law, but it can change from year to year depending on the specific circumstances of the taxpayer's income. Tax planning strategies based on the character variable can be implemented by a single taxpayer, and do not necessarily require the involvement of multiple taxpayers. Therefore, statements B and C are false.

Which of the Following Statements About the Character Variable Is