Issue Did the corporation violate section 38 of the tax Act? The case addresses a tax payer’s questions the constitutional validity of section 38 of the tax Act‚ Corporation Tax Act‚ enacted on August 5‚ 1909‚ against the corporation. Rule “The tax is to be equivalent to 1 per cent of the entire net [220 U.S. 107‚ 145] income over and above $5‚000 received by such corporation or company from all sources during the year‚ excluding‚ however‚ amounts received by them as dividends upon stock of
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recognizes no gain or loss if t distributes its own stock rights to its shareholders. Code Sec. (a). The character of the recognized gain depends on the property distributed; thus it may be ordinary income‚ capital gain‚ or Section 1231 gain. An example illustrating this section was the Tax Court‚ deciding in favor of the IRS‚ held in Pope & Talbot‚ Inc.‚ v. Com‚ 104 TC __‚ No. 29‚ that a corporation which distributed discrete partnership units of property composed of timber and resort interests in
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movement to assure accessibility to the Internet as a civil right gained momentum with the 1998 Amendments to the Rehabilitation Act. These amendments are called Section 508‚ The Electronic and Information Technology Accessibility Standards. Section 508 requires most Federal Internet resources to become accessible according to Section 508 specifications. Additionally‚
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ACT NO. 2031 February 03‚ 1911 THE NEGOTIABLE INSTRUMENTS LAW I. FORM AND INTERPRETATION Section 1. Form of negotiable instruments. - An instrument to be negotiable must conform to the following requirements: (a) It must be in writing and signed by the maker or drawer; (b) Must contain an unconditional promise or order to pay a sum certain in money; (c) Must be payable on demand‚ or at a fixed or determinable future time; (d) Must be payable to order or to bearer; and
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Answer Key for Packet 2 Activity Handout 6.1 Identify the UCS‚ CS‚ UCR and CR Read through the examples below and then identify the UCS‚ CS‚ UCR‚ and CR in each of the examples. 1. Pamela is walking her child at the mall and a lady walks by and stops to see the baby. The lady has a shiny‚ noisy bangle of bracelets that are the same as the ones Pamela wears. When the lady reaches down to pat the baby on the head‚ the bangles make noise and the baby starts making suckling noises. UCS food
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Locke’s Second Treatise of Government section 131 Introduction In this essay‚ I would like to discuss Locke’s Second Treatise of Government section 131. This essay is divided into four parts. In the first part‚ I would like to interpret what Locke’s position is developed in section 131 and in the next part‚ I would like to discuss how Locke supports this position by tracing back to the origin of government. Then in the third part‚ I would like to point out some flaws in this position by arguing
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Unit 203 Principles of diversity‚ equality and inclusion in adult social care settings. 1.1) * Diversity is essentially another word for different‚ it recognises that people are different and unique in many ways such as‚ personal characteristics‚ background‚ culture‚ personality‚ race‚ disability‚ gender‚ religion‚ belief‚ sexual orientation and age. It means recognising and understanding individual’s differences and embracing them‚ to allow people feel more valued. * Equality means treating
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Drama Essay – Section 1 Our task was to dramatise and perform an extract from the play text ‘Blood Brothers’. The performance had to take into consideration the intentions of the playwright and use an appropriate style. My group chose to perform seven scenes from the play. The beginning scene for our piece is looking at how the lack of money affected the children at that time‚ with children that were complaining they were hungry and that they didn’t have all they wanted and showing that the
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Section 1 Study Questions (9.0 points) Answer each question fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. Name at least two things financial planning could help you do. (0.5 points) -Create a budget -Plan for retirement 2. What is trade? (0.5 points) -Trade is the exchange of things of value 3. What is a service? (0.5 points) -Service is something of value that a person 4. Name one of the three functions of money. (0.5 points) Medium of exchange: Money can be
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Section 4 Study Questions (12.0 points) Answer each question fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1.What is a money market account? (0.5 points) An account that invests your money in low risk investments with predictable interest rates. 2.What is a liquidation policy? (0.5 points) A policy that tells you when and how you can remove money from an account. 3.What is simple interest? (0.5 points) Interest gained only on the principle amount of an account.
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