Contents TAX LEG: ITAA1936 [eg. S6(1)]‚ ITAA1997 [eg. S6-5]‚ FBTAA 1986‚ GST Act 1999. Topic 2 – Jurisdiction to Tax taxable payable Tax Payable (s4-10 ITAA1997)= (Taxable income * Tax Rate) – Tax Offsets (Tax/Financial Year = I July – 30 June) – Income tax payable on a year-by-year basis s3-5 ITAA97. Taxable income (s 4-15 ITAA) = Assessable Income less Deductions Assessable Income (s6-1) = Ordinary income (s6-5) and Statutory income (s6-10) but not Exempt income (s6-15). Assessable
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words $ $ $ $ $ ‚ ‚ ‚ ‚ ‚ ‚ ‚ ‚ ‚ ‚ .00 .00 .00 .00 .00 Lump sum Lump sum Lump sum Lump sum A$ B$ D$ E$ ‚ ‚ ‚ ‚ ‚ ‚ ‚ ‚ .00 .00 .00 .00 Type Community Development Employment Projects (CDEP) payments Reportable fringe benefits amount FBT year 1 April to 31 March Reportable employer superannuation contributions (do not include compulsory super guarantee amounts. For more information see the back page of this form.) Deductible amount of the undeducted purchase
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to calculate personnel costs per TRAINEE. 1. A line-item budget table showing the cost for personnel‚ including all salaries and benefits ========================================================= 3..TOTAL PROGRAM Budget Definitions • Salaries and Wages: include full‚ part-time‚ and temporary employees. • Fringe benefits: include all Fringe benefits. • Contract services: include outsourced services or workers‚ such as consultants • Equipment/Supplies: include office supplies
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Describe your long range goals and strategies in the HR Management Simulation. When I first began this simulation‚ I was confused and unsure of how to strategize. I questioned whether my strategies should be more for the benefit of the company or for the benefit of the employee. Maybe I am naive in my thought process but I ultimately decided to strategize for the employees. It is my belief and experiences in both the corporate and non-corporate sectors that happy employees are more productive therefore
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Principles of Taxation Law 2013 Answers to Questions CHAPTER 7 – FRINGE BENEFITS TAX Question 7.1 Determine whether the following benefits are fringe benefits or exempt fringe benefits and‚ where applicable‚ the relevant category of fringe benefit. Provide reasons for your answer: (a) Payment to employee for the estimated cost of the employee’s home phone bill as the employee sometimes has to use the home phone for work purposes. (b) Provision of accommodation at the family home
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investment. As a result‚ a variety of new pay systems have been developed‚ each with its own objectives‚ benefits and risks. Some companies have already installed new pay plans‚ and many more are considering it. Strategic compensation planning allows an organization to focus on its strategic objectives and develop a comprehensive plan‚ considering base pay‚ short- and long-term incentives‚ benefits and growth opportunities. This kind of planning helps ensure that the compensation system will support
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Compensation Administration 6. Management-labor relations & movement 1. Worker Orientation It is a procedure for providing new employees with basic background information about the firm. It refers to the assistance given to the newly hired employee in adjusting to the new work environment Importance: there is hardly any graduate from any school or any experienced worker who is fully equipped with the specific knowledge and skills needed for his new job. Hence‚ the need for orientation. It
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[pic] CONTENTS 1. Executive Summary 1 2. History of coal India 3 3. About C.M.P.D.I 4 4. Services offered by C.M.P.D.I 7 5. Wages and salary administration 16 6. Definition 17 7. Factors affecting wages and salary structure 18 8. Criteria for fixation of wages and salary 19 9. National Coal Wage Agreement Preamble 21 10. Wages and salary structure for non executive employees 23 11. Wages and salary structure for executive employees
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ACCT553 Week 2 Homework Kameka Donley _________________________________________________________ Please provide your answer to each question in the space provided below. When finished‚ submit to the DropBox. Chapter 4 1. Your brother is short on cash and cannot pay his rent this month. You pay his rent for him. Is this taxable income to your brother? Do you get a deduction? (2 pts) No‚ this is not taxable income for my brother… The first $13‚000 that my brother receives
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families to eat dinner together‚ the company has a seven-hour work day‚ five days a week. Unlike many work-obsessive software firms‚ most SAS employees leave the office by 5pm. Management likes to call its work place culture “relaxed”. The list of employee amenities at SAS goes on and on. Unlimited tea‚ coffee and juice. One week paid vacation during Diwali. An on-site health clinic staffed with six nurses and two doctors. Zero cost to employees for health insurance. They can put on casual dress every
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