Levy for public purpose. To levy a tax means to impose or to charge or to collect a tax from those to whom it is addressed. Technically however‚ to levy is to pass on laws or ordinances imposing a tax or duty upon specific group of taxpayers. Under this concept‚ the impelling reason for the imposition of the tax must be the welfare of the public‚ in general. This follows that the proceeds from such imposition shall inure to the benefit of the public. In one case‚ a certain imposition was successfully
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Aneta Lesna FINAL EXAM –ACCT 349 1. Samantha Corporation owns a building with a fair market value of $70‚000 and an adjusted basis of $40‚000. It exchanges the building for land with a fair market value of $45‚000. Also assume that Samantha has a $10‚000 mortgage on the building. As part of the exchange‚ the owner of the land agrees to assume the mortgage and pay the corporation $15‚000 in cash. What are Samantha’s realized gain‚ recognized gain‚ and basis in the land? Gain 5000 2
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Section 1: “Cigarette tax hike sparks panic buying” By Ashley Hall Updated Thu Apr 29‚ 2010 What is the main issue presented in the media report? Discuss what has actually happened: In the year of 2010‚ the Federal Government raised taxes on cigarettes by an extra 25 per cent‚ resulting in an increase price of $2.16 to every pack of 30 cigarettes. A proclamation stated by Prime Minister Kevin Rudd on the crackdown on Internet advertising of cigarettes was mentioned. Mr. Rudd also affirmed
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International Money Transfer in Nigeria (Kester Osahenye) Introduction With an estimated 145 million inhabitants (Nigerian Population Census December 2006)‚ Nigeria is unarguably the most populous country in Africa. Since the emergence of the nascent democracy‚ Nigeria now plays a pivotal role in African migrations. As Africa’s economic giant‚ Nigeria has also become increasingly involved in international migration to Europe‚ the US‚ the Gulf countries and South Africa. Yet Nigeria is a source and destination
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Question:1 Name and explain with suitable examples‚ three reasons why international marketing is more challenging than domestic marketing. Answer: Marketing is the efficient and effective management and utilization of a company’s resources to meet the consumers demands and the company’s objectives. It involves selling the company’s products to satisfy the needs of consumers. It includes planning‚ conception and execution of ideas‚ pricing‚ promotion‚ and distribution of a company’s products with
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Hierarchy of courts in Nigerian Superior courts of Nigeria are courts which are listed in the Nigeria constitution of section 6 (5) which are namely: Supreme court Court of appeal The court of co-ordinate Jurisdiction Federal high court State high court Sharia court of appeal Customary court of appeal National industrial court Another superior courts added as amended by the 3rd alteration Act of 2010 is the NATIONAL INDUSTRIAL COURT With regards to this court mentioned
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Petersan Tax Return Teri A Burris Federal Income Taxes I ACC 401 Gary Tate 1 April 2013 In order to properly prepare a tax return‚ there should be a complete list of the correct documentation in order to facilitate In this case Harold and Sarah Petersan; the forms will be a varied depending on their information. Harold and Sarah Petersan is a married couple living in California‚ with one dependant. Both husband and wife
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The ethics of a company can be measured by different theories. Some of these theories can be used to measure Shell Petroleum Development Company of Nigeria (Shell Nigeria). The first ethical measure discussed is utilitarian reasoning‚ also referred to as cost-benefit analysis‚ which compares the costs and benefits of a decision. Secondly for the human rights theory‚ were the rights of the stakeholders respected? Third‚ the ethical theory of justice is measured by whether the benefits and costs
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Business Administration MPEN-BA-13 2013-2014 Class : IB01 Teacher : Menno de Lind van Wijngaarden Case Study : 2‚ Kongstrup Machine Factory Date : 09-24-2013 Students: 1: Michiel Witting 2: Frederic Küpers 3: Cas Schoonderwoerd 1. List the challenges facing Kongstrup after the collapse of the alliance with MB. How could they have prepared better for the break-up? All distribution and sales activities were in complete ruins after the cancellation. They should
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SCHOOL ADMINISTRATION AND SUPERVISION MAJOR FUNCTIONS OF SUPERVISIONS General Objectives: a. To define supervision‚ b. To identify the major function of supervision‚ and; c. To recognize the aims of supervision. Discussion: School supervision is a school-college-based practice that engages teachers in a dialogue on the improvement of teaching and learning. One of the main roles of this system is to monitor the quality of education and support the teachers in their efforts
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