Tag: SO

Source-of-income Rules means:rules for identifying the source of gross income and also for allocating related expenses to such gross income in order to compute taxable income. Source-of-income rules are used to determine the extent to which a taxpayer is subject to U.S. taxation….

Social Security Act means:the federal retirement plan enacted by Congress in 1935. The original purpose (unchanged today) was to provide a system that requires the current working generation to contribute to the support of older, retired workers. The Social Security Act was passed in response to…