Assessable income=ordinary income + statutory income. Ordinary income: income deriving from the courts (s6-5) Negative propositions: items that are not income by ordinary concepts: 1.Amounts not convertible into money :In Tennant v Smith (1892) free accommodation provided to a bank manager was held not to be ordinary income because building could not be sub-let and the benefit thereby converted to money. In FCT v Cooke & Sherden (1980) an incentive prize offered by a manufacturer was not income of the
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au/webapps/portal/frameset.jsp?tab=courses&url=/bin/common/course.pl?course_id=_111213_1&frame=top • You assignment must be in a Word doc format – no pdfs! • When answering questions‚ wherever required‚ you should cut and paste the Excel output (eg‚ plots‚ regression output etc) to show your working on your assignment. • You are required to keep a hard copy and an electronic copy of your submitted assignment to re-submit‚ in case the original submission is lost for some reason. Important Notice:
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Passive Income Streams We work to make ends meet‚ whether you are employed or you work in your own business‚ we all engage in one activity or another‚ actively so as to make some money at the end of the day or the year. This form of active income can be demanding and tedious and we have to work to make money‚ however‚ we can also go into passive income‚ making money in a passive manner‚ in that we do not have to be actively involved everyday but we still make money. It is important to note that
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Project: Multiple Regression Model Introduction Today’s stock market offers as many opportunities for investors to raise money as jeopardies to lose it because market depends on different factors‚ such as overall observed country’s performance‚ foreign countries’ performance‚ and unexpected events. One of the most important stock market indexes is Standard & Poor’s 500 (S&P 500) as it comprises the 500 largest American companies across various industries and sectors. Many people put
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Regression As the human race ‘evolves’ and progresses it has created an environment unsuitable for the generations to come. This Darwinist environment promotes the ideals of a ‘dog-eat-dog’ world‚ in which one person’s ambitions are more important than another human being’s. People strive for the ideal life in which money is not an issue‚ so the matter of living comfortably is not a problem. To live comfortably is an idea of life without worry of matters such as starving‚ fiscal responsibility
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Tiffany Camp ECO-250 Volker Grzimek Regression Analysis of Work Hours in Relation to GPA This research investigated the affects of working extra hours in a labor position on students’ GPAs each semester at Berea College. It was my belief that students who worked more hours were more likely to have lower GPAs due to their studying abilities and opportunities being compromised as a result of working too long (a negative correlation or trend between GPAs and hours worked each week). For
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Chapter 5 Income Measurement and Profitability Analysis exercises Exercise 5–1 Requirement 1 Alpine West should recognize revenue over the ski season on an anticipated usage basis‚ in this case equally throughout the season. The fact that the $450 price is nonrefundable is not relevant to the revenue recognition decision. Revenue should be recognized as it is earned‚ in this case as the services are provided during the ski season. Requirement 2 November
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MATH 231: Basic Statistics Homework #5 – Correlation and Regression: 1). Bi-lo Appliance Super-Store has outlets in several large metropolitan areas in New England. The general sales manager aired a commercial for a digital camera on selected local TV stations prior ro a sale starting on Saturday and ending on Sunday. She obtained the information for Saturday-Sunday digital camera sales at the various outlets and paired it with the number of times the advertisement was shown on local TV stations
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Comparison of "The Conciliation"‚ 1840 and "The National Picture‚ 1985 Both The Conciliation’ and The National Picture’ represent different views of European and Aboriginal Australian relations. The Conciliation’ depicts a white male in uniform in the centre of the frame. He is surrounded by 15 indigenous people‚ most of whom looking towards him. The indigenous people are of mixed gender‚ hold spears in their hands‚ some with beads around their necks and are all scantily clad. The painting
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considers the relationship between two variables in two ways: (1) by using regression analysis and (2) by computing the correlation coefficient. By using the regression model‚ we can evaluate the magnitude of change in one variable due to a certain change in another variable. For example‚ an economist can estimate the amount of change in food expenditure due to a certain change in the income of a household by using the regression model. A sociologist may want to estimate the increase in the crime rate
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