the financial statement of any given company to show the financial road map of which the entity moves. The analysis explains the amount and to what percentage does one specified area alters to another; more commonly quarterly or annually. In this trend analysis the trend will highlight a pattern of number and their annual alteration reflected on McDonald’s Corporation Balance sheet and Income Statement over the last four years. Over the last four years the McDonalds income statements have been showing
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………………………………………………………………………………...3 1.1 Historical background of national income …………………………………………………3 1.2. Overview of issues of National income in the world………………………………………3 SECTION 2……………………………………………………………………………………5 2.1. Definition of national income ………………………..........................................................5 2.2. Factors that determine national income…………………………………………………...6 2.3. Methods to measure national income………………………………………………………6 2.4. Treatment of national income from abroad………………………………………………
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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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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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Accounting Southwest College HOUSTON COMMUNITY COLLEGE SYLLABUS – ACNT 1347 - CRN 31883 - FALL 2014 Federal Income Tax for Business Entities 3 credit hour course / 48 hours per semester/ 16 weeks ******* Textbook information – see pages 5 - 7 ******* West Loop Campus – Room C 155 from 08/25 to 12/14/2014‚ meetings Wednesdays 07:00 – 10:00 PM Instructor Information: Instructor: Atef Abuelaish Office Location: Office Hours: Phone #: Email: Southwest college Use Cell Phone To
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‚ by far‚ has the most unequal distribution of income of all developed nations. • The U.S. ranks 64th in the world on income inequality (i.e.‚ 63 nations are more equal than the U.S.) • The top 1% holds more than 35% of the nation’s overall wealth‚ while the bottom 50% controls 2.5%. • The richest 400 Americans have more wealth than the bottom 150 million Americans combined. • In 1970‚ the top 1% of earners took home 9% of the nation’s total income. Today‚ they take in approximately 23%. Earning
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A Project Overview Statement (POS) is described by Wysocki (2012) as a short document‚ written for senior management approval and resources needed for the project plan‚ concisely stating the following for the project: 1. What needs to be done 2. Why it is done 3. What value will the enterprise achieve Due to its conciseness and need for specifics without jargon‚ as this is required for easy management review or for anyone who is interested
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increase 20% with response to an increase of 10% in income. Then the income elasticity of demand would be‚ Ey= (20%)/(10%)=2 The amount which the quantity demanded for a good change in response to a change in income depends on the type of goods. We can distinguish the types of goods as following‚ Normal goods - Ey > 0 – positive YED Luxury goods - Ey > 1 Necessities - 0 < Ey < 1 Inferior products - Ey < 0 – negative YED Let’s see how the income elasticity of demand deviates for normal goods and
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AGRICULTURAL INCOME What is agricultural Income Section 2(1A) (a) any rent or revenue derived from land which is situated in India and is used for agricultural purposes; (b). any income derived from such land by agricultural or by the process employed to render the produce fit for market or by sale of such produce by a cultivator or receiver of rent-in-kind; (c). any income derived from a building provided following conditions are satisfied: - (i). The building is situated on or immediate
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CHAPTER 4 HISTORICAL RESEARCH HISTORY-is the search for knowledge and the truth‚ a searching to find out. -is any integrated narrative or description of past events or facts written in a spirit of critical inquiry for the whole truth. HISTORICAL RESEARCH/HISTORICAL METHOD OF RESEARCH -is a process of selecting the area or topic to write a history about‚ collecting data about events that occurred on it‚ collating the data‚ sifting the authentic from non-authentic
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