assessable income (AI). Remuneration Package ANNUAL SALARY Emma’s annual salary of $150‚000 per annum is assessed based on s6-5(1) ITAA97‚ which states her AI includes income according to ordinary income (OI) concept. In Scott v Commissioner of Taxation (1935)‚ the court’s definition of income is reflective of what majority of public would consider income‚ such as salaries. Emma’s annual salary does constitute for OI and is thereby AI. However‚ since Emma has arranged for 10% of her salary to
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to the local go e e ts. GENERAL PRINCIPLES OF TAXATION Pepsi Cola v. Municipality of Tanauan: Legislati e powers may be delegated to local governments in respect of matters of local concern. This is sanctioned by immemorial practice. By necessary implication‚ the legislative power to create political corporations for purposes of local self-government carries with it the power to confer on such local governmental agencies the power to ta . A. Taxation a. Definition i. It is the power by which the
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Urban renewal and decline Urban renewal - Urban renewal and urban development are global processes. In the older parts of Sydney they are most apparent as changing economic conditions‚ new technology and the increasing expense of locating people and services on the urban fringe‚ make inner city living and working most attractive. It is the redevelopment of old urban areas with new buildings and improved infrastructure. In Sydney the factors that have encouraged urban renewal include: Government
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3 Reasons Managers important: 1) Orgs need their mgrl skills in uncertain‚ complex‚ chaotic times. 2) critical to getting things done. 3) Contribute to EE productivity and loyalty. The way EE are managed can affect financial perf. MGRL skills impt in creating org value. Managers coordinate+oversee work of people so goal can be acc. Nonmanagerial work dir. On task + have no1 reporting to them. Traditionally Structured Organizations- mgrs can be first-line(at lowest level of mgt manages work of nonmangerial
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1. The assessability or otherwise to Jino and Anna of the annual bonuses paid by Darling Bank to them. Consideration of the proximity of services or employment relationship‚ the importance of the donor’s motive and the status of gratuitous payments are relevant in determining whether the bonuses received are assessable income. We can determine that the bonuses satisfactorily fulfil the requirement that for the bonuses to be assessable they must “come in”.(tenant v smith) Natural incidents of
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BBUS1006 Session 12 08 August 2014 Exercise 1 - MCQs: Imperfect Competition and Monopolistic Competition (11.2 and 11.3) 1) Which of the following products is best considered a differentiated product? A) wheat B) steel C) soap D) petrol 2) A characteristic common to most imperfectly competitive markets is A) inelastic market demand curves. B) a homogeneous product. C) non-price competition among firms. D) common pricing among firms. 3) In an imperfectly competitive market‚ changes
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Chapter 1- PRE MID Study Questions : 1) What are the challenges of working in the new economy 2) What are the organizations like in the new workplace? 3) Who are the managers and what do they do? 4) What is the management pricess? 5) How do you learn the essential managerial skills and competencies? Overview of the 21st century workplace -Organizations must adapt to rapidly changing society -Economy is global and driven by innovation and technology -High performing companies
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TAXATION * It is a means by which governments finance their expenditure by imposing charges on citizens and corporate entities. * Governments use taxation to encourage or discourage certain economic decisions. For example‚ reduction in taxable personal (or household) income by the amount paid as interest on home mortgage loans results in greater construction activity‚ and generates more jobs. See also taxation principles. * Taxation refers to the act of a taxing authority actually levying
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person’s failure to take reasonable care in circumstances where their conduct might foreseeably cause us harm or loss. What is a tort? • The Law of Torts is concerned with minimum standards of conduct expected between people. • To establish liability for a tort you have to go to court (ie. your right to expect certain conduct is conferred by law). Liability in tort is based upon a ‘relationship of liability’ existing between people‚ in contrast to contractual rights which are based on the
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. In “The Frogs” Aristophanes criticizes the intellectuals of his own period—Discuss. Aristophanes’ “The Frog” is a comedy but it is not just confined to comic entertainments. It is more about society of the time. It can be turned as a social‚ political and literary satire. Infact‚ Aristophanes criticizes the intellectual of his own period in a comic manner in his comedy “The Frog”. The comedy is centered upon the intellectuals of the time. The plot of the play falls into two parts. The first
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