Lecture 2 1.0 Section 6-5 Ordinary Income 2.0 Residency Sections Detail Tax on Page 6-5 (2) Resident Test Worldwide Income 4 6-5 (3) Non-Resident Test Australia sources only 4‚5 6 (1) of ITAA 1936 TR 98/17 Determining Residency Status Four Tests: i. The Resides Test (Common Law test) ii. The Domicile Test (1st Statutory test) iii. The 183 day Test (2nd Statutory test) iv. The Superannuation Fund Test (3rd Statutory test) IN OUT IN OUT 6 7-9 10-13 14 14 3
Premium Business Insurance
The Role of Accounting on Business and our Society Purpose of Financial Statement Financial statement plays a significant role in business organization. Basically‚ it provides information about the performance‚ changes and the financial position of a business organization. The major purpose of financial statement is to provide essential information to a wide range of users as described below: Managers Financial statement helps the managers within a business organization to manage day
Premium Finance Certified Public Accountant Accountant
chapters 1-6‚ Part 1 Chapter One Chapter one introduces the reader to the main character‚ Raphael Fernandez. Raphael‚ a fourteen year old dumpsite boy narrates this part of the story and it entails many interesting ideas about the Behala dumpsite. Raphael and his best friend Gardo spend their days searching the endless amounts of rubbish that cover acres of land. They live knee deep in trash along with many others‚ including children. We find out
Premium Prison The Reader Police
How do you plan to fit a variable 40 hour schedule into your schedule this summer? Describe in detail what you envision your week looking like. I plan to fit a 40 hour variable schedule into my schedule this summer‚ because I will not have any classes since I will be graduating‚ and I will not have anything such as vacations‚ etc.‚ that would interfere with schedule. My schedule will be completely free‚ so therefore I am able to work any kind of schedule. A typical week for me I envision it as waking
Premium Problem solving Apple Inc.
ASSIGNMENT – LESSON 8 1. Explain in 2-3 sentences each‚ the role of water in the body for 5 different physiological processes. • Fluid intake and fluid excretion: There is usually a balance between intake and excretion of water. If the water balance becomes unbalanced‚ this can greatly affect various bodily functions such as blood pressure‚ blood sugar levels or brain function. This imbalance will also create a thirst reaction and by the time we perceive this‚ our body is already mildly
Premium Dehydration Water
(MIP-1) In the society the families are attached to technology which causes them to not have human like traits. (SIP-A) Families are so attached they do not socialize or communicate with one another. (STEWE-1)As Mildred refers to the TV character as her family‚ “‘Now‚’ said Mildred‚ ‘my ‘family’ is people. They tell me things; I laugh‚ they laugh! And the colors!’” (69). Mildred calls the people on the TV her family. She does not refer to Montag as family as well. Mildred thinks that she has a family
Premium Fahrenheit 451
Exercise 8: Chemical and Physical Processes of Digestion: Activity 1: Assessing Starch Digestion by Salivary Amylase Lab Report Pre-lab Quiz Results You scored 0% by answering 0 out of 6 questions correctly. 1. The substrate for amylase is Correct answer: e. starch and carbohydrate. You have not answered this question. 2. Which of the following is true of enzymes? Correct answer: c. Their activity can be affected by temperature and pH. You have not answered this question. 3. The reagent IKI tests
Premium Enzyme Starch Amylase
Ethics in Accounting Mistakes Julia Brewer Acct-530-61365 March 9‚ 2014 The following report will discuss Case 1-8 A Faulty budget included in chapter one of the text book Ethical Obligations and Decision Making in Accounting: Text and Cases‚ 2nd Edition. In this case‚ Jackson Daniels is an accountant for Lynchberg Manufacturing and had been employed there since graduating college a couple years back. Daniels was responsible for creating the sales budget for sales of machines manufactured by
Premium Business ethics Ethics Morality
CASE 8-1: NORMAN CORPORATION 1. Answer: The transaction should be recognized based on the following points: i. ii. Conservatism concept stated that expenses should be recognized as soon as they are reasonably possible to occur. According to loss contingency‚ a liability is recognized when information available indicates that it is probable for a liability to occur and when the amount of loss can be reasonably estimated. Therefore‚ Norman should provide a provision for loss and recorded the transaction
Premium Generally Accepted Accounting Principles
Unit 8 Assignment 1: Organized Cybercrimes IS 3350 Victor Sabani ITT Technical Institute October 28‚ 2014 Unit 8 Assignment 1: Organized Cybercrimes Cybercrime is on the rise. As companies try to protect their customers PII‚ criminals are trying to get it. Ponemon Institute did a survey of how the information was affecting larger companies (Institute‚ 2014). Unfortunately the hackers are using the information to ruin their credit. Russian hackers obtained 1.2 billion usernames and passwords
Premium Internet Theft Identity theft