Mrowicki 4-7-2014 Minimum Wage Income inequality in America has become a big issue‚ one that many of us hear every day; whether on the news or from our parents. But normally‚ we don’t hear the actual phrase used. We hear things like “the top two percent‚” or‚ the “rich vs. the poor.” So‚ what is income inequality? Income inequality is defined as the difference between individuals or populations in the distribution of their assets‚ wealth‚ or income. So‚ with that in mind‚ why would
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capital gain and taxable income of $35‚000. If taxpayer collects the entire $10‚000 during the current year‚ $8‚000 needs to be included in gross income. True False 4. A cash basis taxpayer must include as income the proceeds from the sale of an account receivable to a collection agency. True False 5. If an account receivable written off during a prior year is subsequently collected during the current year‚ the amount collected must be included in the gross income of the current year
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CU672 - Make and Receive Telephone Calls 1.1 Describe the different features of telephone systems and how to use them Telephone systems have many different features in order for them to be used in a professional manner. Answer Phone - this feature is used for out of office hours. It enables people to leave a message when no one is available to take the call. Call Holding - places a caller on hold when having to do another task. This could be an array of different things such as transferring
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Telephone Consumer Protection Act Has your family time or evening dinner ever been interrupted by a call from a telemarketer? If so‚ you’re not alone. The Telephone Consumer Protection Act was first passed by congress in 1991 in response to consumer concerns about the growing number of unsolicited telephone marketing calls to their homes and the increasing use of automated and prerecorded messages. (Unwanted) Signed into law by President Bush as Public Law 102-243‚ the Telephone Consumer Protection
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OCR Unit number: 107 The Learner will: 1.Understand how to make telephone calls. 1.2 Give reasons for identifying the purpose of a call before making it. To not waste time‚ so you are aware what information you need and are therefore able to ask the right questions. It is also important as you will sound professional and organised‚ which will reflect well upon the company you work for. It may be a good idea to have a checklist written down of all you need to know‚ this
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the globalisation movement can affect social class groups negatively. While in “Why the Rich Are Getting Richer and the Poor‚ Poorer” by Robert Reich‚ the authors explain how people lose their jobs because labor in other countries is cheaper and companies will want to make the most profit at the lowest cost. Some key forces behind the gap between the rich and poor are the practice of globalisation‚ the growing problem of inequality‚ and the need for an education. Globalisation is a process of rapid
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NATIONAL INCOME Definition: According to Alfred Marshall‚ National Income is the labour and Capital of a country‚ acting on its natural resources‚ produced annually a certain net aggregate of commodities and in materials including services of all kinds. This is the net annual income or revenue of the country or the true national dividend. According to A.C.Pigou “ The national income dividend is that part of the objective income of the community‚ including‚ the income derived from aboard
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Distribution of Income • The fifth macroeconomical goals to ensure that income distribution is equitable. Equitable means fair‚ but fairness is an elusive concept and it means different things to different people. • A more equitable distribution may help to accelerate growth and promote human and economic development in many ways: • The propensity to consume of the poor is higher than that of the rich so redistribution will increase aggregate demand especially for basic goods and services.
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Definition of Tax “Taxes are compulsory payment to government without expectation of direct return in benefit to the tax payer” According to section 2 (62) of the ITO (Income Tax Ordinance) 1984: “Tax means the income tax payable under ordinance and includes any additional tax‚ excess profit tax‚ penalty‚ interest‚ fees or other charges leviable or payable under this ordinance.” Characteristics of Tax i. Tax is a payment to the government by the people. ii. Payment of taxes is non-penal
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Budget Summary My perception of quality of life changed dramatically during this project. Living at a low income wage was a difficult thing to do especially at $26‚560 a year. Living with all of the basic necessities took up a large portion of my paycheck. At a wage where my wife and I are barely getting our family by is stressful on many levels. I was trying to find the best deals on food and after school care without sacrificing quality and health. Cheaper food was not nutritional so I had to
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