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Question 1 of 20
Under the principle established in Commissioner v. Glenshaw Glass Co., which of the following is the primary test for determining if an item is 'gross income' under Section 61 of the Internal Revenue Code?
A.
The item must be derived from labor or capital investment.
B.
The item must be an undeniable accession to wealth, clearly realized, and over which the taxpayer has complete dominion.
C.
The item must be specifically listed in the statutory definitions of Section 61(a).
D.
The item must be received in the form of cash or a cash equivalent.
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