Summarize the sources and objectives of modern income tax statutes. The primary source of US tax law is Congress. Power to initiate tax legislation is vested in the House of Representatives but all tax bills must pass both houses and be signed into law by the President. Many times the details of the legislation are not dictated by Congress‚ but left to the Treasury Department which adopts regulations (that have the force of law) to spell out the details as well as interpret the statutes and provide
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INTRODUCTION Service tax is a tax on Services. Service tax is not a tax on profession / trade but it is a tax on the service provided in exercise of the profession / trade. It is leviable only if there is provision of service. SALE V/S SERVICE Service is different from sale. The fact that some goods have been used in the course of providing service’ doesn’t make that transaction a sale. The nature of the transaction depends on the intention of the parties. If the parties intended to enter into
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Lab #6 Properties of Hydrates Purpose: The purpose of the “Properties of Hydrates” lab is to study hydrates‚ and be able to identify them. This lab also focuses on observing the reversibility of hydration reactions by hydrolysis‚ and also testing substances for efflorescence of deliquescence. Procedure: A. Identification 1. Place 0.5 grams of each compound (Nickel Chloride‚ Potassium Chloride‚ Sodium Tetraborate‚ Sucrose‚ Calcium Carbonate‚ and Barium Chloride) in a small dry test
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nation. In the Philippines the tax department‚ popularly known as Bureau of Internal Revenue (BIR)‚ is under the support of the Department of Finance. The tax department has enormous and wide ranging administrative and legislative powers when it comes to assessment‚ enforcing taxes and collection. It is considered to be the main revenue earning agency for the government of Philippines. Annually the bureau collects practically 80 percent of the total generated revenue. The BIR has monthly and annual
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What are your current stressors? Identify your top three and place them in order of most stressful to least. Describe your plan to deal with these top three stressors. Be specific. Current stressors: money‚ finding time to study‚ finding time to spend with my son. How do I plan to not stress about money‚ well I am very grateful it is tax season again. The money that I am receiving from my taxes‚ and the money from my loans for school‚ I am using it to pay off my bills. Right now‚ I am borrowing
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industry Lots of inventory‚ low gross profit percentage Retail grocery stores(1) 1 has the lowest gross margin ratio‚ a high inventories‚ no work in progress. Therefore 1 has the attributes of Retail industry. C. High Technology High R&D There are three companies which has high R&D expenditures. They are 7‚ 8‚ 6. Computer software (8) Software developments need spend much more expenditures on research and development. They require less raw materials and inventories. So 8 should be Computer software
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5.1 Identify‚ using current government guidance‚ the nutritional needs of babies until they are fully weaned and using information from carers plan a programme of weaning. It is essencial to acknowledge that not all babies develop at the same rate and pace. Most babies should be ready to start experiencing solid foods at around six months‚ Although Weaning at six months is a guidance recommendation by the department of health - Breastfeeding may continue for some years. These are the types
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effectiveness/efficien cy of such taxes. This stud y attempts to appr aise the usefulness of the tax system in Nigeria‚ usin g Value Added Tax system as a r efer en ce point. The significance of this stud y i s that it will enable th e government officials‚ r esear cher s an d econ omic analysts to appr aise an y type of tax‚ with th e aid of the par ameters used in this stud y. The stud y used th e ability to gener ate revenue and the ability to in fluence th e consumption pattern s as th e measur ement par
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EXPLAIN TWO EFFECTS OF THE ENVIRONMENT ON PHYSIOLOGICAL PROCESSES: Certain effect of the environment can affect physiological processes such as hormones‚ neurotransmitters and the brain. The two effect of the environment on physiological processes that will be discussed are the enrichment of certain environments on brain plasticity and the observation of experiences actions on the activation of mirror neurons. The first effect of environment on physiological processes that will be discussed is
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SC 2279: (1977) 4 SCC 98: 1977 SCC (Tax) 536 Decided On: 31.08.1977 Bench: 7 Judge Bench consisting of the following Justices of the Supreme Court of India: Chief Justice M. Hameedullah Beg.‚ Justice N. L. Untwalia‚ Justice P. N. Bhagwati‚ Justice P. S. Kailasam‚ Justice S. Murtaza Fazal Ali‚ Justice V. R. Krishna Iyer and Justice Y. V. Chandrachud. Brief facts of the case: The case dealt with the constitutionality of a certain pattern of sales tax legislation‚ calculated to counter
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