$230‚000 per year‚ covering both stand-by duties and normal duties‚ gives rise to assessable income.1 Nonetheless‚ her normal travel expenses from home to the place of employment or business are not deductible under Section 8-1 as such costs are not qualified to satisfy the positive limb of the general deductions provisions‚ that is‚ they are not sufficiently related to the production of assessable income.2 Rather‚ the normal travelling expenses are incurred because of a private choice to live somewhere
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Income Inequality It is very prevalent in our society that inequality comes in all different forms. One could see inequality everyday in gender‚ races‚ and even income. Income inequality has been steadily rising for many years and people have become frustrated with this upward trend. In David Leonhardt’s article “Inequality Has Been Going on Forever … but That Doesn’t Mean It’s Inevitable‚” the author criticizes this upward trend and describes the different levels of income inequality that
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“More Than 1 Billion People Are Hungry in the World” Poor gets poorer‚ rich gets richer So the poor do not seem to want to eat much more even when they can. Indeed‚ they seem to be eating less. So could it be that eating more doesn’t actually make us particularly more productive‚ and as a result‚ there is no nutrition-based poverty trap? So perhaps there aren’t a billion "hungry" people in the world after all. So it shouldn’t surprise us that the poor choose their foods not mainly for their cheap
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Income Inequality: The Gender Gap Income inequality has been‚ and continues to be‚ an issue among the different genders and ethnicities in the United States. The gap continues to widen not only between men and women‚ but also among other women when age‚ ethnicity‚ appearance‚ and physical limitation biases are taken into account. Men have historically been “superior” to women in many areas‚ including jobs and income. Many jobs are still considered better suited towards men and many of the jobs
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Western Connecticut State University Income Inequality in America “The proliferate gap separating the penniless from the gilded” Kristen Dakin ECO 101: Principles of Microeconomics Professor David Barber April 7th‚ 2014 The exponentially growing gap that separates the affluent from the rest of society in America has become a truly daunting statistic. According to data collected by the IRS‚ the World Top Economics Database asserted that in 2010‚ the
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time? (Muni) Write the history of national income estimates in India? What are the estimates of National Income before and after independence? Ans: Estimations of National Income before independence: Several estimates of National Income were prepared during the British period. The 1st estimate of national income was prepared by Dadabhai Nauroji for the year 1867 - 68. Accordingly the N.I and Per Capita Income of the country were Rs. 340 crores & Rs
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ANSWERS TO QUESTIONS FOR CHAPTER 1 (Questions are in bold print followed by answers.) 2. What is meant by a mortgage-backed security? A mortgage-backed security is a security backed by one or more mortgage loans. Like a bond that is callable‚ a mortgage-backed security allows the investor to grant the borrower an option. 4. What is the cash flow of a 10-year bond that pays coupon interest semiannually‚ has a coupon rate of 7%‚ and has a par value of $100‚000? The principal or par
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Financial Situation Summarize Take Home Income His annually income includes $65000 from self-employed business and $20000 from part-time job totally worth $85000. After contributing to superannuation‚ the taxable income is $80000; there is no Medicare levy since they have private health insurance. So the total tax is $17550‚ his take home income is $62450. Her take home pay is $601*52 equals $31252 per year‚ which is after tax amount. So their total take home income is $93702 per year ($7808.5 monthly)
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family below‚ use the current family members (step-parents‚ if needed) 10 How many persons‚ including the applicant‚ are dependent upon the family income? (i) Relationship to applicant (ii) Age 10a Income earner A. ____________________________ _________________ 10b Income earner B. ____________________________ _________________ 10c Income earner C. ____________________________ _________________ 10d Other Member D. ____________________________ _________________ 10e Other Member
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Income per person is described as the amount of money that is been earned per person in a certain area or place. It is also known as the per capita income. Income per person is the measure of the mean income of people in an economic unit such as a country or a city. Income per person or per capita income is calculated by taking a measure of all sources of income in the aggregate or the Gross national income and dividing it by the total population. The income person is used as the
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