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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the assessable income of Nick. b) As per the principles of Ordinary Income compensation for loss of income is also an income therefore‚ it will form part of assessable income. Nick must include $50000 as his assessable income for the year. c) The amount has been received by Nick towards operation and rehabilitation expenses and therefore‚ they are not included under income from ordinary concepts. The receipt of $8000 will not be included in the assessable income of Nick.
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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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‚ 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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The Four Modernizations 1975‚ China. An idea conceived by Zhou Enlai was made into effect by Deng Xiaoping‚ the current Chairman of the CCP. His goals were only for the benefit of the country and never had he thought of doing wrong to his people. The idea that was put into effect was called “The Four Modernizations”. He tried to improve four points in the Chinese economy that would mend the mistakes created by past events such as the Cultural Revolution. But how exactly did he accomplish this‚ if
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Case Studies Case study of productive organization is the focus of this issue or guide .The principles and concepts discussed here apply equally well to large and small organizations‚ whether profit or nonprofit‚ manufacturing or service‚ public or private. Despite
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POLI 201/211 GROUP A INDEX NUMBER: 10372455 1.Compare the major arguments of the modernization theory with the major arguments of the dependency theory of development. Which of these major paradigms of development is more compelling to you and why? Development is the increase in total value of goods and services produced. Development is also improvement in human welfare‚ quality of life‚ social wellbeing. There are certain theories and perspectives of development that is humanist perspective
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customs modernization program in Ethiopia Chapter one 1.1 Introduction Customs administration plays a vital role in the growth of international trade and the development of economy in the country. The efficiency and effectiveness of customs procedure can significantly influence the economic competitiveness of nation. In a highly competitive world environment‚ international trade and investment will flow toward efficient‚ supportive
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different ways. Two interesting theories used to examine the development of Global South are: the Classical Economic Theory‚ also known as the Modernization Theory and the Dependency Theory. Perhaps one of these theories is more likely than the other to explain living conditions and the lack of development in the Global South. According to modernization theory‚ there are steps “to success” for every country. As described by Walt Rostow in his 1962 book‚ The Stages of Economic Growth: A
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In society the basic modernity is described as one of the key forms of social pattern‚ resulting from social patterns resulting from industrialization (Macionis‚ 2006). Peter Berger explains how modernization manifests itself‚ by four major concepts. The four concepts consist of: the decline of small traditional communities‚ the expansion of personal choice‚ the increase of social diversity and the orientation toward the future and a growing awareness of time (Macionis‚ 2006). In the U.S.‚ small
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