CONCORDIA UNIVERSITY BUSINESS LAW AND ETHICS: Midterm exam Total Value: 25 Marks Date: September 30th‚ 2009 Instructor: Benito Aloe Time: 40 minutes Name: _____________________Signature: ___________________ID No:________ Course materials permitted: None. Concordia Academic Code of Conduct will be strictly enforced. unless otherwise indicated. Choose the most appropriate‚ accurate or correct answer. Answers on questionnaire will not be corrected. At the end of the exam
Premium Affirmative action Discrimination
Tax Description Income Tax is a tax on a person’s income‚ emoluments‚ profits arising from property‚ practice of profession‚ conduct of trade or business or on the pertinent items of gross income specified in the Tax Code of 1997 (Tax Code)‚ as amended‚ less the deductions and/or personal and additional exemptions‚ if any‚ authorized for such types of income‚ by the Tax Code‚ as amended‚ or other special laws. Types of Income Tax Personal Income Tax (PIT) is a direct tax levied on income
Premium Taxation in the United States Taxation Income
How Income and Geographic’s Affect Food Choices By Eric Culver COM 150 Caroline Scott-Thomas (2009) has reported that it has been proposed that food stamps should only be allowed to be used for purchasing healthy foods in order to combat obesity amongst the poor‚ who are disproportionately overweight compared with American society as a whole. Some have argued that the demand for healthy foods would increase and prices would rise due to higher demands and low supply. According to Shannon N. Zenk
Premium Nutrition Food Health
Life Isn’t Multiple Choice Were you ever forced into taking a standardized test? If so‚ you are aware of all the test preparation you have to go through and all of the pressure you feel. “Standardized tests are tests in which all the questions‚ format‚ instructions‚ scoring and reporting of scores are the same for all test takers‚” (Standardized Tests: Terms and Definitions‚ 1). There is a lot of controversy and questions being asked pertaining to the tests because many teachers‚ students‚ and parents
Premium Standardized test Standardized tests Psychometrics
Geological Time Unit 2 Test /44 Multiple choice: Choose the best answer for each question /13 According to Earth scientists‚ how old is the Earth? 4.6 million years 3.5 million years 4.6 billion years 3.5 billion years When did oxygen first form in the atmosphere according to Earth scientists? 4.6 billion years ago 3.5 billion years ago 2 billion years ago 1 billion years ago Which life form came first according to the Geological Time Scale
Premium Fossil Geology Geologic time scale
Professional and Business Income In this article we will discuss about Professional and Business Income and as interpreted by the Indian Tax Department. We will understand what the Professional and Business income means by definition‚ identify key differences between the two and how each are interpreted by the Indian Tax Department. What is Business and Professional Income? A business income is earned from trade‚ commerce‚ manufacture or earnings gained from invested capital on properties
Premium Tax Tax refund Investment
scope of charge to income tax A modern form of income tax was introduced into Federation of Malaya in 1947 by using the derived and remittance basis. Income Tax Act (ITA) 1967 came into effect has imposed world income basis on the resident company involved in specialized industries. Malaysia adopted a territorial and remittance. With effect of year of assessment of 2004‚ taxation basis amended to exempt income remitted into Malaysia from oversea. Until now‚ Malaysia income tax imposed on territorial
Premium Tax Taxation in the United States Taxation
FOR INTERACTIVE FORMS BIR FORM NO. 1702: ANNUAL INCOME TAX RETURN FOR CORPORATION‚ PARTNERSHIP AND OTHER NON-INDIVIDUAL TAXPAYER |Script | |Open the form. | |For Form 1702: Annual Income Tax Return for Corporation‚ Partnership and Other Non-Individual
Premium Taxation in the United States Taxation Income tax
Assessable income=ordinary income + statutory income. Ordinary income: income deriving from the courts (s6-5) Negative propositions: items that are not income by ordinary concepts: 1.Amounts not convertible into money :In Tennant v Smith (1892) free accommodation provided to a bank manager was held not to be ordinary income because building could not be sub-let and the benefit thereby converted to money. In FCT v Cooke & Sherden (1980) an incentive prize offered by a manufacturer was not income of the
Premium Taxation Tax Generally Accepted Accounting Principles
Accounting Information Systems‚ 12e (Romney/Steinbart) Chapter 2 Overview of Transaction Processing and ERP Systems 1) What usually initiates data input into a system? A) The transaction system automatically checks each hour to see if any new data is available for input and processing. B) The performance of some business activity generally serves as the trigger for data input. C) A general ledger program is queried to produce a trial balance at the end of an accounting period. D) Data is only
Premium General ledger