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    Income tax

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    recognition of a gain or loss on the transfer of assets to the corporation. The transfer of property may be made when a new corporation is formed or may reflect additional capital contributions to an existing corporation. Without Section 351‚ a sole proprietorship or a partnership would have difficulty adopting the corporate form of organization for legal and/or tax purposes because the transfer of appreciated property would constitute a taxable transaction in a recognized gain. The deferral of gain or

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    Chemical Properties

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    physical and chemical properties. Physical properties are characteristics of a substance. Two types of physical properties are quantitative and qualitative. Quantitative is a property that has an amount or can be measured such as hardness‚ solubility‚ and viscosity. Qualitative is a physical description of matter such as color‚ clarity‚ and state. Chemical properties are characteristics of a substance which allows it to behave in a specific manner. A few types of chemical properties are combustibility

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    Budget Impact on Economy

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    The Economic Impact of the President’s 2013 Budget April 2012 CONGRESS OF THE UNITED STATES Contents Overview How the Government’s Fiscal Policies Can Affect the Economy Fiscal Policies and Output in the Short Run Fiscal Policies and Output in the Long Run How the President’s Budgetary Proposals Would Affect the Economy Effects on the Economy Through 2017 Effects on the Economy After 2017 Economic Models and Results Estimated Economic Effects and Their Budgetary Implications Through 2017

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    Corporate and Partnership Tax

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    Corporate and Partnership Tax Lee – Fall 2013 By: Cullen G. Tatum TEST INFO: • The test will be a take home test that will have to be returned by the original assigned test date. • Interested in comparing between different types of entities. • One question will be some individuals who want to form an entity‚ and you should choose one and elaborate. • You should treat the test as if you were responding in memo form to an attny who already knows some info on the subject so you do not need

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    Disparities In El Dorado

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    I live in Long Beach‚ California in a small community known as “El Dorado”. While there are many indicators of ongoing disparities‚ it is evident that race disparities are the primary concern within my community. El Dorado is considered an upper class community‚ with predominantly white residents. Sadly‚ original owners believe that non-white residents would bring down the value of their home and therefore do not welcome non-white residents into the community. When a non-white resident moves into

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    Prison Budgets

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    The recession and budget challenges that are currently happening have played a large role in the incarceration rates in that the prison administration and governments that help to fund them are trying to find different ways to reduce the amount of money it costs them to hold an inmate in a correctional facility‚ but still deal with the high amount of incarcerated individuals that have longer sentences with the current stance that is being taken on crime by politicians. According to Seiter (2011)

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    -In the early and mid 1800’s and since the early days of the United States’‚ different ways of life existed in the northern and southern portions of the country. -Each portion desired its principles to be spread to the new US territories. -The Northern United States‚ at the time‚ possessed a diverse economy consisting of agricultural and industrial fields. This region employed workers in these fields. -The Northern United States‚ at the time‚ possessed an economy based solely on a few cash crops

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    Budget Report

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    Budget Report Sample Due: November 18th‚ 2011 Part I (20 points) 1. ClearCheckbook Spending Patterns and Graphs Over the past few months you have been entering data into www.clearcheckbook.com i. By looking at representations of your spending over the past 3 months‚ comment on your general spending pattern. Do you see room for improvement and in which areas? Justify your answer and provide a pie chart for each month. * For the Pie Chart‚ Go to ClearCheckbook – Click on

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    Tax Law

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    group of up to three students. Your (or your group’s) submission will be marked out of 100 points and will represent up to 30% (30 marks) of the overall assessment for this unit. Group Assignment Option If you decide to undertake this assessment in a group‚ each member of the group must complete a cover sheet and attach it to the completed assignment. The cover sheet for the assignment is available on the MUSO Blackboard website. Once you have nominated your group members‚ no changes may

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    Transfer Tax

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    acquiring ownership and other real rights over property are fairly complex. One can gain‚ transfer and lose ownership on a number of ways. Under the New Civil Code (NCC)‚ ownership may be acquired through: 1. 2. 3. 4. 5. 6. 7. 8. Occupation Intellectual creation Law Donation Tradition Contract Prescription Succession Art. 712 (New Civil Code): “Ownership is acquired by occupation and by intellectual creation. Ownership and other real rights over property are acquired and transmitted by law‚ by donation

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