Problem Set 1 Macroeconomics‚ ECON 2123 (Instructor: Partha Sen; TA: Peter Tsui) ------------------------------------------------------------------------------------------------------------------------------------ Posted: Friday‚ 19 September 2014 Due: 5:00 PM Friday‚ 26 September 2014 (Submit your homework into the homework collection box outside the department office) 100 marks total Part I: True/False/Uncertain (20 marks‚ 4 marks each) 1. GDP is the value of all goods and services produced
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PERSONAL COPY/ NOT FOR SALE OR CIRCULATION (Session 2012-13) INTRODUCTION HISTORY OF INCOME-TAX: 1. India’ trust with income tax dates back to 1859 when James Wilson‚ Finance member in the Council of India‚ came to the country to establish the tax structure‚ a new paper currency and to remodel the finance system. 2. A bill imposing tax on profits from property‚ professions‚ trades and offices was passed by the Legislative Council of India. It received the assent of the Governor General on July
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AND LIMITATION 1. This section explains the nature‚ coverage‚ and time frame of the study. 2. It presents in brief the subject area of investigation‚ the place‚ the time period‚ or school year covered. 3. It discusses the variables included in the study and the exclusion of other variables which are expected to be included. 4. It indicates the extent of capability of results arising from the sampling population Notice that the scope remains focused on the problem of attracting and retaining
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company’s website explains‚ the Ambassador’s “dependability‚ spaciousness‚ and comfort factor have made it the most preferred car for generations of Indians.” Hindustan is now considering producing the car in China. This will involve an initial investment of RMB 4 billion.14 The plant will start production after one year. It is expected to last for five years and have a salvage value at the end of this period of RMB 500 million in real terms. The plant will produce 100‚000 cars a year. The firm anticipates
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ENVS 331 SPRING 2013 FINAL EXAM STUDY QUESTIONS 1. In basic terms‚ what is the difference between imperialism of the “traditional” European variety and the “neo-imperialism” practiced by the US during the 20th century? 2. How did World War II contribute to the end of European imperialism (consider the phenomenon of “imperial overstretch‚” which you should be able to define)—and enable the expansion of US influence overseas? (Consider the impact of World War II on the European imperialist
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TAX AVOIDANCE vs. TAX EVASION From the time taxes were first imposed on American citizens‚ people have been trying to find ways to escape paying them. While some taxpayers continue to find legal ways to avoid paying a portion of their taxes‚ others simply choose to evade taxes or not pay them at all. Avoiding taxes and evading taxes may sound like similar actions‚ but the two terms have very different meanings. Avoiding taxes can be accomplished though various legal means‚ whereas evading taxes
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We’re on the Blink of Disaster so Get the Show on the Road! Lesson 1: A Storm is Brewing Reported Speech with Sequence of tenses Statements Example: The guy told me‚ “My name is Joe.” The guy told me (that) his name was Joe. • Do the same: 1. Nora said‚ “I like Italian food.”………………………………………………………………….…………………………… 2. The new teacher said‚ “It’s not my briefcase‚ mine is brown.……………………………………………… 3. Alicia said‚ “I have a new TV. It is a 40 inch set.”………………………………………………………………… 4. Mr. West said‚ “I
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Financial Analysis Assignment 1 Subject Company: Total SA Recep Erman Mendirek 8195980 TOTAL SA – Big Oil&Gas Business: Introduction For the purpose of this assignment‚ we would like to review a European Integrated Oil & Gas name‚ the French TOTAL S.A. Established in 1924 as Compagnie Francaise des Petroles by French industrialist Ernest Mercier‚ the rebranded giant employs today 97000 people in more than 130 countries. It has an integrated business profile which means that the company is
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under income tax law‚ whether it is received in cash or in kind‚ whether it is capital or revenue income‚ but still some incomes are given exemption from tax. In this lesson we will study those incomes which are exempt from tax. Here are some of the important items of income‚ which are fully exempt from income tax and which can be utilised by a resident individual Indian assessee for the purpose of tax planning. ➢ AGRICULTURAL INCOME: Under the provisions of Section 10(1) of the Income
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1. (TCO A) Which of the following statements is CORRECT? (Points : 10) One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. It is generally easier to transfer one’s ownership interest in a partnership than in a corporation. One of the advantages of the corporate form of organization is that it avoids double taxation. One of the advantages of a corporation from a social standpoint is that every stockholder has
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