TAXATION Fall semester 2014 Lecturer: Ms. Le Phuong Thao‚ MBA Group Assignment Due date: 1 pm Thursday 25 Dec 2014 A soft copy must be submitted via BB‚ a hard copy must be handed to the lecturer in class. Son Ha is a Vietnamese joint stock company in the field of manufacturing and selling silver products. The company is seeking your assistance with regard to their corporate income tax (CIT) for the year ended 31 December 2014. Son Ha’s financial statements for the year 2014 Note VND million Sales
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History Income tax levels in India were very high during 1950-1980‚ in 1970-71 there were 11 tax slabs with highest tax rate being 93.5% including surcharges. In 1973-74 highest rate was 97.5%. But to reduce tax evasion tax rates were reduced later on‚ by "1992-93" maximum tax rates were reduced to 40%. [2][3] [edit]Residential status‚ Scope of taxable income & Charge [edit]Charge to Income-tax Whose income exceeds the maximum amount‚ which is not chargeable to the income tax‚ is an assesse
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examination of project or assignment‚ EP = examination of product‚ QC = questioning of candidate‚ O =observation of candidate‚ EWA = examination of written answers to questions‚ RPL = recognition of prior learning‚ EPS = examination of personal statement‚ ECH = examination of case history‚ EWT = examination of witness testimony. Evidence Record Links to units/ Assessment Criteria Communication is not only the most important thing but also essential when working with young adults with learning difficulties
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a coupon rate of 2 % and – a maturity date of May 31‚ 2015 – a payment frequency of two a year‚ six months apart s of May 31‚ 2015” • This bond is called “ Coupon rate 9/5/2013 Coupon frequency‚ “s” is for “semi‐annual” L. Wu maturity 2 Cash Flow of the Bond • The unit for bond purchasing is $1‚000. • Suppose that an investor purchases $1m face value of the bond‚ i.e.‚ 1‚000 units. • The the coupon payment is calculated according to Year fraction 9/5/2013 Coupon rate
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Chapter 31 (15th edition) American Life in the Roaring ‘20s 1. Seeing Red 1. Following WWI‚ America’s mood changed to isolationism and anti-foreigner. "Radicals" were shunned and foreigners were expected to change their ways to American. 2. A " Red Scare " (a fear of communism) emerged. This fear was fueled by (1) the recent Russian revolution‚ (2) Eugene Debs growing numbers‚ (3) loads of strikes‚ and (4) a series of mail bombs. 1. The logic went that communism was from Europe—all the more reason
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forbidden. People always thought of Fort Zeelandia as a place of pain and misery. When the december murders took place here‚ it was also a reminder of the previous events that happened there. So the effect that the December murders had on the Surinamese society was even bigger because it took place at Fort Zeelandia. Here is a report‚ about the events in Paramaribo from the eight until the thirteenth of December‚ 1982‚ of the Dutch legal experts committee for human rights. It was written on the fourteenth
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a $900 cash withdrawal from the company. Requirements: Complete the accounting equation worksheet for the transactions. Total each worksheet column. Verify that Assets = Liabilities + Equity. In proper order and form‚ prepare and Income Statement‚ Statement of Owners’ Equity and Balance Sheet. Harley’s Cutter Accounting Equation Worksheet Assets = Liab + Equity Cash AccRec PPE Note Pay Capital - Draws + Rev - Exp
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000. During the year‚ James collected $17‚000 in final settlement of the account. James can take a $2‚000 bad debt deduction in the current year. True False 2. If a business debt previously deducted as partially worthless becomes totally worthless this year‚ only the amount not previously deducted can be deducted this year. True False 3. Last year‚ taxpayer had a $10‚000 nonbusiness bad debt. Taxpayer also had an $8‚000 short-term capital gain and taxable income of $35‚000. If
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partners in early 20X0. Their successful product designs led to rapid growth of the company‚ with resulting needs for additional capital to support the growth. This case describes the major financing transactions entered into by Xytech in its first 10 years of existence. The firm’s earnings history also is given. You are to write a journal entry for each transaction as it is described. You should be explicit about what noncurrent liability and owners’ equity – that is‚ invested capital – accounts are
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Sta. Maria‚ Oel Angel BSBA – Marketing III February 15‚ 2014 Law in Income Taxation Mrs. Gosom Business Income Tax – A tax that governments impose on financial income generated by all entities within their jurisdiction. By law‚ businesses and individuals must file an income tax return every year to determine whether they owe any taxes or are eligible for a tax refund. Income tax is a key source of funds that the government uses to fund its activities and serve the public.
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