CHAPTER I INCOME TAXES1 A. INDIVIDUAL INCOME TAX 1. Persons subject to the individual income tax For income tax purposes‚ individual taxpayers are classified into: a. Citizen (1) Resident citizen - is a citizen of the Philippines who has a permanent home or place of abode in the Philippines to which he/she intends to return whenever he/she is absent for business or pleasure. (2) Nonresident citizen - is a citizen of the Philippines who establishes the fact of his/her physical presence abroad with
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Should There Be Taxes on Sodas or Other Junk Foods? Position: No Background: The question whether or not to put a tax on sugary beverages and junk food has made its way to our legislatures desks because of the overwhelming population of obese people throughout the world. The alarming consequences of obesity have given the government reasoning to take charge and try to rectify the problem. They believe that by taxing certain food items that are high in sugar and salt content‚ trans fat‚ and saturated
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B. Reyes CHAPTER 1 Rich Dad Poor Dad is about how Mr. Kiosaki was raised by a rich father and a poor one. Mr. Kiosaki’s poor father was highly educated with a Ph.D.‚ while his rich dad didn’t even make it through high school. Mr. Kiosaki’s fathers sometimes gave him some advice when he was a child‚ but the advice of his two fathers where different from one another especially when it came to money. His poor father did not spend much time thinking about money‚ while his rich father says a lot about
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Rich vs. Poor A man’s economic status is based solely on his wealth and his material possessions‚ or lack thereof to define him as being “rich” or “poor.” Similarly‚ these two words‚ “rich” or “poor‚” should also describe a man’s character. Rich is characterized as having a lot of money or possessions: valuable‚ meaningful‚ or significant. Poor is characterized as deficient in amount or indicating poverty. Yet‚ when we look at a man or woman‚ do we judge them by their wealth or
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Disadvantages of being rich There are many disadvantages of being rich. Sure‚ the rich can buy all the material items they want‚ but is that all there is to life? The rich never seem to be able to fully trust their friends. They have problems maintaining long lasting relationships. Family affairs for the rich are strained‚ because of money being the main concern. The wealthy are caught in a struggle of trying to make friends and family happy. The rich never know whom they can trust. Trust is a
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Japan—Taxes on Alcoholic Beverages WT/DS11/AB/R; October 4‚ 1996‚ Report of the Appellate Body of the World Trade Organization Facts: The Japan Liquor Tax Law (Shuzeiho) taxes liquors sold in Japan based on the type of beverage. There are ten categories of beverage. Shochu is distilled from potatoes‚ buckwheat‚ or other grains. Shochu and vodka share many characteristics. However‚ vodka and other imported liquors fall in categories with a tax rate that is seven or eight times higher than the
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KananaFou Theological Seminary Parable of “The rich man & Lazarus” Instructor: Rev. Mafo’eFa’avae NEW.122 Understanding the Parable of Jesus Submitted by: FaatoiaTufele 05/19/2014 In my own understanding‚ this parable concludes the chain of parables that Jesus edify towards the disciples and also the Pharisees. It concludes with the rich man and Lazarus‚ and how their association depicts the relationship that echoes back with a big bang that shocked the crowd. One who
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throughout the history of education. While Adrienne Rich is talking mainly about the college system and David Thomas is talking about the school system in general‚ their views do conflict each other. Rich believes that women have been exploited throughout the history of time. Thomas on the other hand believes that by being forced to have women teachers has disadvantaged boys. Though these views do no directly conflict‚ they are pretty close. Rich tells why she feels that women have been oppressed
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p.a.‚ and the company is in the 34% tax bracket; the company expects $306‚000 of earnings before interest and taxes every year in perpetuity. What would be the value of the firm if it was financed entirely with equity? What amount of the firm’s annual earnings is available to stockholders? 2 Exercise 2 Gibson‚ Inc.‚ expects perpetual earnings before interest and taxes of $1.2 mil. per year; the firm’s pre-tax cost of debt is 8% p.a.‚ and its annual interest expense is $200‚000;
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The Appeal Of Adrienne Rich’s Poetry The poems of Adrienne Rich spoke to me in a powerful way. She was definitely one of the most original and thought provoking poets on my course. The poems that I have studied represent many of the new ideas that emerged during her life. Not only do I find these ideas interesting‚ but I believe that I have benefited directly from them. Her feminist outlook on life is evident in every one of her poems. The poems i have studied include; Living in Sin‚ Aunt Jennifer’s
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