Show WHAT MUST BE INCLUDED IN IK jol I 1 second ot of three articles by elton L jones gross income includes gains profits and income derived from salaries wages or compensation tor for personal service 0 of m whatever kind and in whatever form orm paid or from professions vocations trades business commerce or sales or dealings in property whether real or personal growing out of the owner ownership shin or use us of or interest in such property also from interest rents dividends securities or op the transactions of any business carried on tor for profit or gains or profits and income derived from any source whatever among the items to je be included in gross income are those from the follow following inc sources bad accounts charged off in previous years but now col coi i lecter bonuses received as campen com pen income from business a atlon t 14 a damages business or compensation tor for p f profess dividends orvices rv ices earnings of fire insi ins minor children fogli ranee rance breness eness ol of indebtedness terest share of 0 profits from partnerships income from professions profits from sales and exchanges ol of prosperity prop erity rents and definitions income in the broad sense includes all income of will whatever nature and from any koume gross income defined above net income gross in income come less statutory deductions neat article the surtax is computed son on net income the normal tax is computed upon the net ancor ne less the credits listed in decoi second id section ol of the next article |