TAX ATION San Beda College of LAW – ALABANG GENERAL PRINCIPLES I. Concepts‚ Nature and Characteristics of Taxation and Taxes. Taxation Defined: As a process‚ it is a means by which the sovereign‚ through its law-making body‚ raises revenue to defray the necessary expenses of the government. It is merely a way of apportioning the costs of government among those who in some measures are privileged to enjoy its benefits and must bear its burdens. As a power‚ taxation refers to the inherent power of
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Business Impаct Anаlysis Mohammad Islam Strayer Universtiy (CIS 462) Lecturer: Professor Mark O’Connell Date: November 29th 2012 Business Impаct Anаlysis Methods for Estаblishing Component Priorities Business Functions аnd Processes A business impаct аnаlysis is done to determine which tаsks аnd functions аre criticаl for the foundаtion to stаy in business (Johri‚ 2010). This is done by аsking а series of questions
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Steven Westgate BUS345.01 Business Law I Chapters 9‚ 10‚ 11‚ 12‚ 13‚ 14‚ 15‚ 16‚ 17‚ and 18 Professor Sappington November 3‚ 2003 1) This would indeed be a contract called an implied-in-fact contract. This is a contract that is implied from the conduct of the parties. Unlike other contracts‚ the contract was created through the conduct of the parties‚ not through words. This is what Miller and McCleskey have done. The parties both agreed through their
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Chapter one Business Law Law is a set of rules‚ enforceable by the courts‚ which regulate the government of the state and governs the relationship between the state and its citizens and between one citizen and another. There are various ways in which the law may be classified; the most important are: * Public and private law * A) Public law is concerned with the relationship between the state and its citizens. Specialised areas are: 1. Constitutional law is concerned with the workings
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Question 1: Discuss the issues of contract law that arise. 1. The main legal issue in the case is whether the contract has been formed and Daphne is subjected to contract and obligated to pay £200 to Sonya for the TV. The law of contract regarding offer acceptance states that in order to form a contract‚ the acceptance must be unconditional (Black 2011) . Counter-offer is a response to an offer which‚ while not expressly rejecting the offer‚ seeks to qualify it by deleting some of the terms. The
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Failing Public Schools A hundred years ago most learning happened at home. Parents taught their children or a private tutor did the teaching. Necessity and ideas for an organized educational system appeared. Public schools started all around. This new educational system started to grow up and developed to the highest level of education as high schools‚ colleges‚ universities. For a long time the public educational system has been the only alternative of education. It really has worked
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CHAPTER 1--AN INTRODUCTION TO TAXATION AND UNDERSTANDING THE FEDERAL TAX LAWCHAPTER 1--AN INTRODUCTION TO TAXATION AND UNDERSTANDING THE FEDERAL TAX LAW Student: ___________________________________________________________________________ 1. The ratification of the Sixteenth Amendment to the U.S. Constitution was necessary to validate the Federal income tax on corporations. True False 2. Before the Sixteenth Amendment to the Constitution was ratified‚ there was no valid Federal income tax
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Owners ’ Equity Paper Owners’ equity is simply defined as capital that is employed in a company‚ which is computed by subtracting the book value of its liabilities from the book value of its assets. In this paper we will touch on three areas of importance in dealing with owners’ equity. First we will talk about why it is important to keep paid in capital separate from earned capital. Next we will look from an investor’s point of view and debate on the question of‚ is paid in capital more important
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1. How do scientific management and Theory X differ from the human relations movement and Theory Y? 2. How did the results of the Hawthorne Studies influence researchers’ thinking about employee motivation? 3. What are the five sets of needs in Maslow’s hierarchy? How are a person’s needs related to motivation? 4. What are the two dimensions in Herzberg’s theory? What kinds of elements affect each dimension? 5. What is the fundamental premise of reinforcement theory? 6. According
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Legal Underpinnings of Business Law OMM 670: Legal Environment February 25‚ 2013 Legal Underpinnings of Business Law Business | Type of Business | Liability Exposure | Compare | Contrast | Tinker’s Home Security Service | Sole proprietorship | Unlimited | Monetary rewards are from both the Proprietor & business | Sole Liability | Tinker & Tailor’s Home Security Service | General partnership | Unlimited | All partners are responsible whether silent or active | If you are
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