of Income and Tax Liability of an Individual Subject-ACT 322 Section-2 Prepared For Professor Mahbubur Rahman (MbR) Prepared By Nymul Hasan Taseen (083 414 030) Sharafat Halim (091 0615 030) Abu Syed Arik Kibria (091 0622 030) Abdullah Mohammed Zoboer Abhi (092 0096 030 - From Section 1) Date of Submission – 21st April‚ 2012. Of all the direct taxes‚ Income Tax ranks foremost. By nature and heritage‚ many of us tend to be just “free riders” in the society. We are little emotional
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Chapter One Notes Before Civilization (Circa Lorraine) Culture: constituted by learned patterns of action and expression FOOD GATHERING AND STONE TECHNOLOGY Stone tool-making first appeared around 2 million years ago Stone Age Lasted from 2 million to about 4‚000 years ago Misleading label: bone‚ skin and wood just survive poorly Paleolithic = Old Stone Age Neolithic = New Stone Age Foundations of science‚ art‚ and religion begin here May have believed in afterlife In game-rich areas
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Bandywine Homecare‚ a not-for-profit business‚ had revenues of $12 million in 2007. Expenses other than depreciation totaled 75% percent of revenues‚ and depreciation expense was $1.5 million. All revenues were collected in cash during the year and all expenses other than depreciation were paid in cash. What were Brandywine’s 2007 net income‚ total profit margin‚ and cash flow? Net income = 12M * (1 - 75%) - 1.5M = $1.5 million Total profit margin = $1.5M/12M = 12.5%
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Hiring for profit In the society we live in today‚ where the outside beauty is more important than the inner beauty. Businesses realized how to use that beauty to make a great amount of benefit become quite successful. Attractive and trendy employees will help draw more customers to a specific store and will generate more profit for that company. This is a commonly practiced hiring technique that is not against the law. It might be seen as discrimination in only hiring only certain type of
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Age problems The purpose of this lesson is to show you how to solve Age problems. Problem 1 Kevin is 4 years older than Margaret. Next year Kevin will be 2 times as old as Margaret. How old is Kevin? Solution Denote as Kevin’s present age. Then Margret’s present age is . Next year Kevin will be years old‚ and Margaret will be years old. Since next year Kevin will be 2 times as old as Margaret‚ you can write the equation . Solve this equation by simplifying it‚ step by step: (after
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Measurement of National Income • Like the accounts of a business national income accounts have two sides: a product side and an income side. • On the product side production and sales are measured. • The income side measures the distribution of the proceeds from sales. • On the product side there are two widely reported measures of overall production: • Gross domestic product (GDP) and gross national product (GNP) • GDP and GNP differ in their treatment of international transactions. • GNP
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change‚ and change is undoubtedly a good thing. However the paths to change may not be seen by all as "good" things‚ but nevertheless‚ are necessary evils. Paths to change most always involve conflict‚ a clash of ideas‚ a challenge of tradition‚ but from the storm‚ the budding flower of change will emerge. So indeed we must question‚ we must challenge the ideas and decisions of others‚ whether or not they are superior‚ for the sake of bringing about necessary change. History has presented many
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of reintroducing the death penalty. Whatever your view‚ it is sure to be a controversial topic. A deluded minority have the false impression that by presenting the death penalty as a punishment‚ it will act as an ‘effective deterrent’ – putting people off committing such savage crimes. Contrary to this view‚ I feel that labelling the death penalty as an ‘effective deterrent’ is misguided. If capital punishment worked; surely America would have the lowest murder rate in the whole world? However
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National income is a measure of the total value of goods and services produced in a country over a given period‚ usually a year. Simply‚ it is the total amount of income earned by the citizens of a nation. The term national income normally refers to the Gross National Product (GNP) of a country in a given year. GNP is a measure of the total market value of final goods and services produced by all the citizens of a nation in a year. There are three main approaches to measuring National Income these
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You ever watch television and see the commercials for colleges and hear the people say “this college changed my life” or hear that the school has classes for the major your interested in. Then you get the urge to go back to school and you see that there’s not much requirements to get into these schools as long as you have money for tuition. Those are what you call for-profit schools. Now the question is are these schools actually good for you? Can they help you in the long run or just give you classes
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