_ Tran Nam Quan: Blue Bui Minh Tri Quy : Task 1: Which of the following items are income: Rent from a residential rental property rented by a young family? yes‚ ordinary income under sec. 6-5 A birthday gift ? No A dividend from BP? Yes‚ Statutory income under sec.44(1) ITAA 1936 Wages and Salaries from your employer? Yes. Ordinary income under sec 6-5 Bank Interest Received? Yes‚ Ordinary income under sec 6-5(2) Your boss takes you out to dinner? No An allowance paid for your
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Definition of Gross Income‚ Taxable Income‚ and Net Income Gross income refers to all income but not excluding exempt income and subject to final income tax. Example of gross income include: salaries and wages‚ commission‚ sale of and other dealings in property‚ rents‚ dividends‚ and securities. Exclusion from gross income or those incomes that are exempted from tax include: life insurance proceeds paid to beneficiaries upon the death of the insured; compensation for injuries or sickness‚ retirement
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Cody Mrowicki 4-7-2014 Minimum Wage Income inequality in America has become a big issue‚ one that many of us hear every day; whether on the news or from our parents. But normally‚ we don’t hear the actual phrase used. We hear things like “the top two percent‚” or‚ the “rich vs. the poor.” So‚ what is income inequality? Income inequality is defined as the difference between individuals or populations in the distribution of their assets‚ wealth‚ or income. So‚ with that in mind
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Children Act 2004 provides the legal basis for children’s services set out in the Every Child Matters: Change for Children document. The Childcare Act 2006 is the first piece of legislation that is primarily concerned with Early Years and Childcare and introduces the early years foundation stage (EYFS) which supports settings in delivering high quality early education. In any childcare setting responsibility is the welfare and well-being of all the children in their care. All staff are appropriately
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profiles‚ beliefs from a sample of people. In designing a questionnaire that focuses on open ended questions the main concern should be on determining the way the responses will be quantified. Open ended questions are often used in research to clarify closed questions or as a means of generating ideas. In both cases it is generally assumed that the longer and more detailed the response to an open ended question the better (Graziano et al‚ 2000). However‚ relatively little is known about the effect
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SHC 31 1.1 Within this section I shall be identifying the different reasons why people communicate. There are seven main types of communication‚ touch‚ verbal‚ written‚ behaviour‚ visual‚ sign language or gestures and body language. Each of these methods of communication has its advantages and its disadvantages‚ each are also done in a slightly different way. Touch can be something as simple as a hug or a pat on the back‚ this action tends to offer reassurance and comfort‚ however‚ it could also
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Case 5-1 Income Smoothing a. Firstly‚ investors tend to invest in companies with stable earnings rather than one with volatile earnings. With stable earnings‚ there will be more likely an issuance of dividends and investors could easily predict the company’s future earnings compared to one with unstable earnings. With consistent earnings generated‚ it gives investors a secured feeling that it will again generate earnings as predicted. Confidence in the growth of rate of earnings is crucial because
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The interview is basically the basic process used for gathering data‚ providing info and advice to clients. I attempted to establish rapport in a casual and informal way using open ended and closed questions. The counselor is more about listening to and understanding a client’s life challenge and along with the client‚ developing strategies for change and growth. The counselor is the draw the strengths of the client‚ and to make a determination on the information. It enables the professional an open
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DEC 2010 NGC 1 Question 1 (a) Give the meaning of the terms ‘error’ AND ‘violation’ AND give a practical example of EACH. (4) A ’error’ is an unintended action‚ for example where a familiar task is not carried out as planned such as operating the wrong switch or control. A ‘violation’ however‚ is a deliberate deviation from an acceptable standard such as the intentional removal of a guard in order to speed up a process. (b) Outline factors that could contribute to human error in relation
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Unit 31 1.2 Compare the models used to link individual roles and development with team performance. Belbin (1965) found that individual roles when allowing each individual in the team to perform the tasks that highlighted their strengths allowed a well-balanced team to develop with each individual able to bring their best to the team. This approach will result in less need for management intervention and there is less risk. However‚ the research with this method was carried out in a very rigid‚
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