The payment of the motor vehicle allowance – this allowance is generally made to cover the expected deductible costs associated with the business usage of the employees vehicle. This allowance is effectively assessable income to the employee in their tax return. (sec.15-2) Task 2: Mike’s taxable income for the year ended 30 June 2012 Taxable Income = (Assessable Income – Deductions) Assessable Income § Wages RMIT under sec.6-5 ITAA 1997
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Though WrestleMania 33 is going to happen next year‚ it is already the most talked about event this early. All fans and pundits alike are excited to hear about the matches that WWE production will offer for the next year event. One of the confirmed wrestler to be on the card is Roman Reigns but who is the opponent that he will likely to face off? Reigns‚ who is also known as Big Dog in the WWE world‚ is not yet a superstar level like John Cena‚ The Undertaker‚ The Rock and others but he is gradually
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Whose life is it anyway? The story is a play written by Brian Clark. It is first presented by Ray Cooney‚ at the Mermaid Theatre‚ London‚ on the 6th March 1978. It’s about a man called Ken who was involved in a car accident‚ and paralyzed as a course of it. Before the accident he was a well-educated artist who made sculptures. He had a great sense of humor‚ and had a lively life. His brain still fully works. But the doctors are not seeing him as fully stabilized yet. When he stabile‚ he will
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Indirect tax Section 1 This section is about applying your knowledge of VAT and using reference material to make recommendations or decisions. Task 1.1 (a) You have the following information about the taxable supplies of 4 businesses. For each of them‚ indicate whether they need to register for VAT immediately‚ or monitor turnover and register later. Tick ONE box on EACH line. Register now Monitor and register later A A new business with an expected turnover of £6000 per
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CHILD TAX CREDIT Individual taxpayers are permitted to take tax credit based on dependent children‚ under 17. Credit $1000 per child. AGI $110000 joint‚ 55000 separate‚ $75000 single. Phased out by $50 each $1000. * Married‚ joint‚ 2 children. AGI $118700. Child tax credit $1550 (1000x2=2000-450) {50x{(118700-110000)/1000]} DEPENDENT CARE CREDIT Under 13/ unable to care for self. If divorced child cant be living with the creditor. Divorced mother with custody may entitle to credit even
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Sly Ferreira P5 Explain the competitive pressures on selected contrasting business organisations to develop their use of e-business. In this assignment I will be explaining the competitive pressures that have faced two contrasting organisations which are Amazon and Refuge. Amazon and Refuge Amazon is a public organisation that is owned and controlled by the government. They aim to provide public services. Amazon is an organisation that provides customers with products and services from the internet
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through the tax system. The tax system is a very complicated system that many believe needs to be changed‚ by instilling a flat tax system. A flat tax system is a system in which everyone in the country is taxed at the same rate regardless of their income. Many believe that it is the best system as it is quick‚ simple and fair because no one is taxed at a higher rate solely due to the amount of money they make. The
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As an icon in the women’s rights movement‚ Betty Friedan did more than write about confining gender stereotypes but she became a force for change. Susan Oliver’s bibliography captivates Betty Friedan’s leading role against the sexual inequality between men and woman during her lifetime. Born as a daughter of Jewish parents in Peoria‚ Illinois Betty saw in her own eyes the sacrifices women were making through her mother’s loss of fulfilling a career in journalism. Once she married‚ Betty’s mother
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2005 Economic Structure of East African Countries Market size indicators Access to telecommunication services Eligibility for EU and USA GSP access Summary of MFN applied tariffs rates MFN applied duty rates by product group Frequency distribution Share of duty free imports in each product category Implicit import duty rates Annual growth of Ethiopia’s export to the EAC and Sudan Import share of EAC and Sudan from Ethiopia by broad product
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There is a very clear distinction between tax avoidance and tax evasion from academic publications. Tax books have defined tax avoidance as “the lawful minimization of tax liability through sound financial planning techniques‚ while tax evasion is the “unlawful attempt to minimize tax liability through fraudulent techniques to circumvent or frustrate tax laws”. The consequences of either action are also clear. The former is not punishable by law while the latter is. However‚ the lines between evasion
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