Research and the Sciences There has long been an ongoing argument: Is social science scientific? Which approach is better in conducting natural sciences and social sciences? It is believed that ’hypothetico-deductive’ approach may be applicable to the natural sciences while it does not relate well to the social sciences. By analyzing research from different levels‚ this essay presents a judgment that social sciences are sciences. First of all‚ the concept of research and science are given. Secondly
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taxable income. b. Transaction will not affect Arnold’s and Barbara’s taxable income. c. Barbara will report the $9‚000 she receives in alimony as gross income for the 2011 tax year. Arnold will report the $9‚000 he paid in alimony to Barbara as a deduction for the 2011 tax year. 5-26 Fluent‚ an investor in stocks and bonds wanted to increase his portfolio but wanted to minimize his tax liability on the income from the bonds. He is presented with the following alternative investments: U.S. Series
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Question 1 Ans: Mr. Chan Salaries tax Year of assessment 2010/11 Basic period: year ended 31 March 2010 $ $ Salary ($100‚000*12) 1‚200‚000 Education benefits 150‚000 Reimbursement of tuition fees 100‚000 Reimbursement of utilities 50‚000
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Solution (d) All of the above (iv) Sandeep purchased a house for his residential purpose after taking a loan in January‚ 2007. During the previous year 2008-09‚ he paid interest on loan Rs‚ 1‚67‚000. While computing income from house property‚ the deduction is allowable to the extent of — (a) Rs.30‚000 (b) Rs‚ 1‚00‚000 (c) Rs.1‚67‚000 (d) Rs.1‚50‚000. Solution: (d) Rs. 1‚50‚000 (v) Which of the following is an ’asset’ under section 2(ea) of the Wealth-tax Act‚ 1957 — (a) Equity shares in a company
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CHAPTER 13 BUSINESS TAX CREDITS AND CORPORATE ALTERNATIVE MINIMUM TAX SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 1 Limitation on general business credit for Modified 1 individuals 2 General business credit carryovers Modified 2 3 Issue recognition New 4 Rehabilitation expenditures tax credit Unchanged 3 5 Rehabilitation expenditures tax credit Unchanged 4 6 Ethics problem
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The Legal Features of Sole Proprietorship‚ Partnership and Corporation Submitted by: Darius Immanuel D. Guerrero BAP 3A February 28‚ 2012 Sole Proprietorship A sole proprietorship is a business entity that is totally inseparable from its single owner. The law treats the business and the owner as the same. Because of this‚ all liabilities are taken for the owner. The owner does not pay income tax separately for the business‚ but reports the business income or losses on his/her individual income
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believed that the savage is noble‚ childhood is good and the emotions inspired by both beliefs causes the heart to soar. Strong senses‚ emotions‚ and feelings Romantics believed that knowledge is gained through intuition rather than deduction. This is best summed up by Wordsworth who stated that “all good poetry is the spontaneous overflow of powerful feelings.” Awe of nature Romantics stressed the awe of nature in art and language and the experience of sublimity through a
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activities deduction is equal to 9% of the higher of (1) qualified production activities income or (2) taxable income. However‚ the deduction cannot exceed 50% of the W-2 wages related to qualified production activities income. Answer Selected Answer: False Correct Answer: False Response Feedback: For a corporation in 2012‚ the domestic production activities deduction is equal to 9% of the lower of (1) qualified production activities income or (2) taxable income. The deduction cannot exceed
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The gross estate is determined by adding the value of all the decedent’s property at the time of his death. See 26 U.S.C. § 2031. Property encompasses both real and personal property. It also includes cash‚ securities‚ insurance‚ trusts‚ annuities‚ business interests and other assets. In addition to the property that the decedent owned at death‚ the gross estate will also include transfers made within a 3 year period prior to his death. See 26 U.S.C. § 2035. The $2 million in trust assets would
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KPMG IN INDIA Direct Taxes Code 2010 - Analysis TAX Table of Contents ? Income Business ? Alternate Tax Minimum ? Distribution Tax Dividend ?Profit Tax Branch ? International Taxation ? Residence Rules ? Treaty Override ? Controlled Foreign Company ? Anti-Avoidance Rules General ? Tax Incentives & Special Economic Zones ?Gains Capital ? Pricing & Advanced Pricing Agreement Transfer ? Taxation Personal ? Capital Funds‚ Mutual Funds & Insurance Venture 02 04 05 06 07 10 11 12 14 16 18
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