Taxation Assignment | Divyangana Rakesh | 18104 | Contents Section A 2 Answer 1. 2 Section B. 5 Answer 1. 5 Answer 2. 9 Answer 3. 11 Answer 4 13 Section C 16 Answer 1 16 Answer 2 16 Answer 3. 16 Answer 4. 17 Answer 5. 18 Answer 6. 19 Section A Answer 1. Your salary consists of many components. This article explains what each component means. It also discusses the income tax applicability of each component. There are many components in a salary structure
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Principles of Taxation Law 2013 Answers to Questions CHAPTER 7 – FRINGE BENEFITS TAX Question 7.1 Determine whether the following benefits are fringe benefits or exempt fringe benefits and‚ where applicable‚ the relevant category of fringe benefit. Provide reasons for your answer: (a) Payment to employee for the estimated cost of the employee’s home phone bill as the employee sometimes has to use the home phone for work purposes. (b) Provision of accommodation at the family home
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Nigerian Scams - 419 Scam Information Nigerian‚ or "419"‚ scams are one of the most common types of fraudulent email currently hitting inboxes. Nigerian scam messages can also arrive via fax or letter. The messages generally claim that your help is needed to access a large sum of money‚ usually many millions of dollars. In fact‚ this money does not exist. The messages are an opening gambit designed to draw potential victims deeper into the scam. Those who initiate a dialogue with the scammers
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EXAMINATION MISCONDUCT IN THE NIGERIAN UNIVERSITIES BY EZE CHINAZA .P. DEPARTMENT OF EDUCATION MANAGEMENT AND POLICY (ECONOMICS OPTION) ANAMBRA STATE UNIVERSITY ULI 01/05/09 INTRODUCTION Education is a very important tool in the development of an individual and consequently‚ of a nation. Unfortunately in Nigeria today‚ Education is suffering severe crisis. It is besieged by some forces like Lack of commitment by students. Insufficient funding by the government. The menace
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but a lot remains to be done. In a recent news report on the Nigerian Housing Sector aired on African Independent Television (AIT)‚ it was stated that between 1973 and 2006‚ the Federal Housing Authority (FHA) built only 30‚000 housing units nationwide. According to Mr. Tunde Ipinmosho of the Federal Housing Authority (FHA)‚ the current housing deficit is about 12 million homes. If we take the current population of 140 million Nigerians as reported by the National Population Commission after last
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and British had about taxation and representation. First‚ I will explain what specific rights belong to the colonists. Second‚ I will discuss the relationship the colonies had with Great Britain. Third‚ I will talk about the rights and authority that Great Britain had over the colonies and describe how the Americans viewed the relationship between the colonies and Great Britain. I will discuss the similarities and differences the Americans and British had regarding taxation and representation.
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Critically evaluate the role of TNC’s in the changing global economy? (40 marks) TNC’s are companies that operate across boundaries of countries‚ usually to maximise their profits and increase their selling market. How and whether they contribute to the changing global economy is a matter of debate. In order to evaluate their role the change‚ what TNC’s have done?‚ How have they shaped the economy? and who else is involved needs to be considered. Geographers feel differently about how TNC’s contribute
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Problem Statement In order for U.S. companies to become more competitive and efficient in the global market‚ some have adopted the practice of employing workers in other countries‚ often third world and developing nations‚ to reduce labor and/or technology costs. Outsourcing provides growth potential for these developing countries by boosting the money coming into the country and by providing opportunities for individual growth of its citizens. Although outsourcing to foreign countries can help
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Termination and Retirement 1. Superannuation (LUMP 2. Superannuation (INCOME STREAM 3. Employment Termination Payments Unused sick leave‚ excess over tax-free redundancy‚ “golden hand shakes”‚ severance pay Cn’t be rolled over to a super fund 4. Unused Leave Payments 5. Redundancy Tax free amount=$8806+[$4404x year of completed service] [s83-175] Excess amount taxed as ETP Small Business Concessions & Depreciating Assets N.B. 1.Identical materials or substantially
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by the Federal Government hence‚ the Introduction To meet the targets set out in the programme Vision 20:2020; the Federal need for private investment. Government of Nigeria has set a generating Generation The National Council on Privatisation (NCP) target of 40‚000 MW. Moreover‚ to reach this and the Bureau of Public Enterprise (BPE) on relatively require behalf of the Federal Government have investments in power generating capacity placed
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