Chapter C:5 Other Corporate Tax Levies Learning Objectives After studying this chapter‚ the student should be able to: 1. Calculate the corporation’s alternative minimum tax liability (if any). 2. Determine whether a corporation is a personal holding company (PHC). 3. Calculate the corporation’s PHC tax. 4. Determine whether a corporation is liable for the accumulated earnings tax. 5. Calculate the amount of the corporation’s accumulated
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What is Capital Gains Tax? Computation of Capital Gains Tax Any profits or gains arising from the transfer of a capital asseteffected in the previous year shall be chargeable to income-tax under the head ‘Capital Gains’. And shall be deemed to be the income of the previous year in which the transfer took place. Capital gain is chargeable to tax on accrual basis. Kinds of Capital Gains “Short-term capital gains” gains arising from the transfer/sale of acapital asset held by an assessee for not
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the AVI-YONAHFINAL.DOC FEBRUARY 26‚ 2002 2/26/02 5:38 PM Book Review Why Tax the Rich? Efficiency‚ Equity‚ and Progressive Taxation Reuven S. Avi-Yonah† Does Atlas Shrug? The Economic Consequences of Taxing the Rich. Edited by Joel B. Slemrod.∗ Cambridge: Harvard University Press‚ 2000. Pp. 524. $57.95. In Greek mythology‚ Atlas was a giant who carried the world on his shoulders. In Ayn Rand’s 1957 novel Atlas Shrugged‚ Atlas represents the “ prime movers” —the talented few who bear
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The Causes of Homelessness in the U.S Nawaf Saif Almoeini Alex Westbrook University Preparatory Program January 16th‚ 2015 “In 2010‚ … the U.S. Interagency Council on Homelessness issued a comprehensive plan to eradicate homelessness for all people through interagency collaboration and aligning mainstream services. A key goal is to prevent and end homelessness for all families‚ youth‚ and children within 10 years” (Bassuk‚ 2010‚ P.496). Homelessness is a situation that a person
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Income and Expenditure Approach Ways of Measuring GNP Gross National Product (GNP) is the sum of all the final market values of goods and servicesin a given economy at a given period of time. This is the quantitative summary of all transactions of goods and services transacted within the economy in a year. It measures only legal and registered transaction. Non produced transactions are not included such as second hand sale‚ transfer of payments and buy and sell. Gross domestic product (GDP) is
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THE IMPACTS OF GOODS AND SERVICES TAX (GST) ON MIDDLE INCOME EARNERS IN MALAYSIA MOHD RIZAL PALIL1 MOHD ADHA IBRAHIM 2 Abstract The introduction of GST in Malaysia has called many arguments from various parties including academics‚ professionals and the nation (would become the taxpayers) on how GST affect goods pricesincrease or decrease. The consumers are worrying of the significant price increases on basic needs when the GST has fully implemented. With the relatively high living costs particularly
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charmainetk@gmail.com Objective To obtain a position with an organization that will give me the opportunity to utilize my skills that will contribute to corporate goals. Education York College City University‚ Queens NY Bachelor of Arts in Psychology New York City Technical College Brooklyn NY Associate of Arts Experience Administration for Children ’s Services Office of Pre-Placement Services- New Y ork‚NY January 2005Performed children services and assist promoting the welfare of children.
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Persuasive Speech Tax on Cigarettes I. Opening Statement of Interest- Imagine every year a town the size of Bakersfield disappearing‚ well you don’t have to imagine because it’s happening already. A. Speaker Credibility- According to Centers for disease control and prevention 443‚000 people die prematurely from smoking or exposure to secondhand smoke‚ another 8.6 million people live with a serious illness caused by smoking. Despite the factors of smoking 46.6 million adults in the
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Beauty and the Beast Retold by Jenny Dooley Express Publishing Graded Readers Level 1 Chapter 1 The Castle A very long time ago‚ on a small farm‚ there lived a poor farmer with his three daughters. He never made much money as his farm was very small. When he was a young man‚ he lost the most valuable thing in his life. His beautiful and kind wife died when their last baby daughter was born. Now his daughters were almost young women‚ but the farmer still felt the same pain in his heart for
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Disagreement on Tax for Fatty Foods There is an important question that has been brought out to many people’s attention. The question is should the government imply a tax for fatty foods? In the article titled‚ "why a fat tax will have no effect on obesity levels” Lefever state‚ “Taxes on smoking and drinking do not change the behavior of nicotine addicts or alcoholics.” (Why a fat tax). Lefever is trying to say with this is no matter what is done to prevent something as long as a person wants
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