_ Tran Nam Quan: Blue Bui Minh Tri Quy : Task 1: Which of the following items are income: Rent from a residential rental property rented by a young family? yes‚ ordinary income under sec. 6-5 A birthday gift ? No A dividend from BP? Yes‚ Statutory income under sec.44(1) ITAA 1936 Wages and Salaries from your employer? Yes. Ordinary income under sec 6-5 Bank Interest Received? Yes‚ Ordinary income under sec 6-5(2) Your boss takes you out to dinner? No An allowance paid for your
Premium Tax Taxation in the United States Taxation
Being able to determine whether a cost is fixed or variable is vital to the understanding of overhead loading and cost behavior. A fixed cost is unchanged with a change to the cost driver. (Horngren‚ Sutton‚ and Stratton p.46) Which means that a fixed cost does not rise with the change is production of your product. A good example of a fixed cost is rent. No matter how many widgets you make (within a relevant range) your rent will not increase. A variable cost‚ on the other hand‚ does change
Premium Costs Variable cost Management accounting
AGRICULTURAL INCOME What is agricultural Income Section 2(1A) (a) any rent or revenue derived from land which is situated in India and is used for agricultural purposes; (b). any income derived from such land by agricultural or by the process employed to render the produce fit for market or by sale of such produce by a cultivator or receiver of rent-in-kind; (c). any income derived from a building provided following conditions are satisfied: - (i). The building is situated on or immediate
Premium Taxation in the United States Agriculture Tax
INCOME CONCEPTS The Purpose of Income Reporting Income is used… 1 As the basis of one of the principal forms of taxation. 2 In public reports as a measure of the success of a corporation’s operations. 3 As a criterion for the determination of the availability of dividends. 4 By rate-regulating authorities for investigating whether those rates are fair and reasonable. 5 As a guide to trustees charged with distributing income to a life tenant while preserving the principal for a remainder man
Premium Economics Measurement Capital
Unit 301: Adults and Young People as Essential Skills Learners Essential skills play a fundamental part in everyone’s lives no matter who you are. Essential Skills are the skills that people need for learning‚ work and life. They are used in the community and the workplace‚ in different forms and at different levels of complexity. Essential Skills provide the foundation for learning all other skills and enable people to evolve with their jobs and adapt to workplace change. They are needed for
Premium Learning Education Skill
commencement speech the most appealing. It clearly conveys Bloomberg’s thoughts and beliefs into a reasonable message. Bloomberg gives statistics and reasonable statements as to why freedom of speech‚ especially on college campuses‚ should be protected and valued. He states “Tolerance for other people’s ideas‚ and the freedom to express your own‚ are inseparable values at great universities.” Bloomberg speaks on how important different ideas and conflicting opinions are vital to human growth. He also criticizes
Premium University Freedom of speech First Amendment to the United States Constitution
Topic: Some people believe that there should be fixed punishments for each type of crime. Others‚ however‚ argue that the circumstances of an individual crime‚ and the motivation for committing it‚ should always be taken into account when deciding on the punishment. Discuss both these views and give your own opinion. Nowadays‚ many people are debating for whether we should fix punishment for each type of crime or not. And this becomes a very hot issue. There are so many arguments
Premium Criminal justice Criminology Sociology
ability change what we think about ourselves. There are two types of mindsets‚ a fixed mindset and‚ a growth mindset. Our mindsets change if we want them to. We need to be aware of the thoughts we have about ourselves. What does your inner voice sound like? If you are negative in your thoughts about yourself
Premium Psychology Cognition Learning
ESSENTIALS OF MANAGEMENT 10th MARCH 2013 Examination Paper Candidates should answer any FIVE (5) questions from this paper. Clearly cross out surplus answers. Time: 2 hours and 30 minutes Any reference material brought into the examination room must be handed to the invigilator before the start of the examination. ANSWER ANY FIVE (5) QUESTIONS QUESTION 1 a) Briefly explain what is meant by the term efficiency. Marks 2 b) What is the name given to a type of managerial role that involves people
Premium Management Strategic management
matching or lag policy. Total Fixed Pay: Job Position | Total Fixed Pay | Variable Pay | Head Finance | 18 percentile position | 46 percentile position | General Manager- Finance | 51 percentile position | 14 percentile position | Senior Manager Finance & Accounts | 83 percentile position | 32 percentile position | Manager Finance & Accounts | 47 percentile position | 41 percentile position | Inference: * It follows a lag policy for Total Fixed Pay with both Head Finance and
Premium Manager General manager