The Federal Trade Commission is an independent agency of the U.S. government that was established in 1915 and charged with keeping American business competition free and fair. The FTC has no jurisdiction over banks and common carriers‚ which are under the supervision of other governmental agencies. It has five members‚ not more than three of whom may be members of the same political party‚ appointed by the President‚ with the consent of the Senate‚ for seven-year terms. The act was part of the program
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2013 BAR I. In its final adjustment return for the 2010 taxable year‚ ABC Corp. had excess tax credits arising from its over-withholding of income payments. It opted to carry over the excess tax credits to the following year. Subsequently‚ ABC Corp. changed its mind and applied for a refund of the excess tax credits. Will the claim for refund prosper? (6%) II. A group of philanthropists organized a non-stock‚ non-profit hospital for charitable purposes to provide medical services to the poor. The
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I Introduction The Philippines as well as most countries today are all facing Global Recession. Though it may not have a fixed definition it is defined as‚ the point where the global economic slowdown. This states that when the economic growth of a certain Country or the world is below 3%‚ it’ll be considered as Recession. In the year 1974‚ the New York Times article by Julius Shiskin suggested rules and basis to identify Recession‚ which included two successive quarterly declines in
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In the present scenario‚ due to globalization and international trade‚ there are numerous cross-border transactions across the world and the interaction b/w nations and residents of diff. countries have increased with others. -- Tax Policy of one country in today’s world has influence and impact on economy of other countries. When a taxpayer in one nation is earning income in another nation‚ it gives rise to a possibility of being taxed twice. Source Rule states that income to be taxed in the
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Increase of Taxation Effect on Middle Class Effects of Taxes are needed in order to securely administer and fund different governmental organizations‚ as well as construction and other universal infrastructure services. Many proponents of taxes suggest that taxation is way too extreme within the present day economic trends that exist within America. Taxes do fund many programs and construction of certain projects within America‚ but also affect certain aspects of America’s economy. Taxes do present
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The Federal Reserve System Why do a research paper on the Federal Reserve System? This is a question we went over in our heads while making a decision on the type of research paper to do‚ what we wanted to learn more about and why. Over the past few years we have realized the impact that the Federal Government has on our economy‚ yet we never knew enough about the subject to understand why. While taking this Economics course it has brought so many things to our attention‚ especially since we see
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______________________________________________________________________ How the Federal Funds Rate Affects 10 Year Treasury Bond Yields ______________________________________________________________________ I. Introduction The Federal Open Market Committee raised the federal funds target interest rate from the historically low 1% to 1.25% at its meeting in June 2004. Macroeconomic theory tells us that long-term interest rates tend to move in the same direction‚ and generally in concert with‚ shortterm
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Federal Bureau of Prisons Matt Bennett Dr. Peterson CJ 323-101: Corrections October 23rd‚ 2012 You may ask what is the Federal Bureau of Prisons. Well the Federal Bureau of Prison was established within the Department of Justice and charged with the management and regulation of all of the federal penal and correctional institutions. “This responsibility covered the administration of the 11 Federal prisons in operation at the time.” (“Federal Bureau of‚”) With time passing and laws changing
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There are total of five federal offenses: crimes committed on high seas‚ federal property‚ and crossing a state or national border‚ Dereliction of Interstate Commerce‚ and harming a federal official while they are on duty. The Federal Courts are use for impeachment of a Public Official‚ disputes between two or more states‚ and Federal Courts have total jurisdiction over people filing bankruptcy in the U.S.. In my opinion‚ having total jurisdiction over people filing bankruptcy in the U.S. is most
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who worked in jobs requiring physical labor‚ but those involved with theatre and the arts as well. The Federal Theatre Project was one of the Works Progress Administration (WPA)’s projects that was created to help deal with the economic turmoil caused by the Great Depression. Thousands of artists‚ whether it was in the form of writing‚ music‚ or performing arts‚ were put out of work. The Federal Arts projects were created to reinstate jobs for unemployed artists as well as create displays of art for
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