What is a perfect government? Is it an ideal place for any person? A utopia? In 1984 by George Orwell‚ he portrays a totalitarian government called “Big Brother.” The crux of his government is total control with no laws‚ yet no personality or freedom. It is seemed to be all-knowing‚ all-powerful‚ and indestructible. But the question is‚ could it be perfection? The simple answer is no it is not‚ because of the harsh nature‚ the all controlling‚ and people having no rights. Forget about being just
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Effects of Taxes on the Economy Donna Ralston ECO 100 Survey of Contemporary Economic Issues Instructor: Frank Huber July 14‚ 2014 What happens to the economy when the government raises or lowers taxes? Lots of people in America do not understand exactly what happens to the economy when the government raises or lowers taxes. In this paper I am going to address that question as well as a few other things such as: Describing the effect on net personal income when the government raises
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QUESTIONS: (2-3) Little Books Inc. recently reported $3m of net income. Its EBIT was $6m‚ and its tax was 40%. What was its interest expense? ANSWER: Net Income $3 Million EBIT $6 Million Divided by 0.6 Less IBT $5 Million Income before Taxes $5 Million Interest Expense $1 Million **Interest Expense = $1M** (2-7) The Talley Corporation had a taxable income of $365‚000 from operations after all operating costs but before (1) interest charges
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000 What would be the marginal and average tax rates for a corporation with an income level of $100‚000? Taxes = (0.15 × $50‚000) + 0.25 × ($75‚000 − $50‚000) + 0.34 × ($100‚000 − $75‚000) = $22‚250 Marginal tax rate = 34% Average tax rate = $22‚250/$100‚000 = 0.2225 = 22.25% The year-end 2010 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $1‚100‚000 and retained earnings at $3‚400‚000. The next year‚ retained earnings were listed at $3‚700‚000. The firm’s net income
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Taxes has been a problem for a long time. Since the beginning of trading and early civilization taxes has been charged on good in different forms of currency. Taxes is placed on good either to regulate the good that is being sold‚ or decrease the amount of people wanting that good because it’s so expensive because of tax. In the US states contain different types of taxes. California is one of the states that has the most amount of taxes. Although many people pay taxes and have to do their taxes annually
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As governments downsize‚ they often contract with private companies to perform what was once considered to be the traditional work of government. What are the advantages and disadvantages of privatizing jails‚ public schools‚ military plane maintenance‚ and state welfare agencies‚ and state employment agencies? When government contract with private companies to perform what was once considered to be the traditional work of government‚ it is termed as privatisation. Privatisation is occurring
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Assignment 5 (20 points) Assignment 5: Taxes and Credit Instructions Save this file in your course folder‚ and name it with Assignment‚ the section number‚ and your first initial and last name. For example‚ Jessie Robinson’s assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day‚ be sure to save your
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When Bad Things Happen to Good People When someone does something good‚ great‚ amazing; however it is said‚ a reward is expected. That’s just the way the human brain has been trained in many cultures. People think just that with every good deed that is done. Movies have taught us that the “bad guy” never wins and that a hero will always triumph in the end. Not so much in the real world. Religious views‚ daily decisions‚ and just pure coincidence‚ if you will‚ all influence the outcome of a good
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When I came to McMaster University in 2007‚ I was a 17-year-old who was adamant to finish my four years with six-figure earning potential by age 23. Alas‚ coming to university knocked some sense into my system and I realized when it came to my career‚ I really needed to focus on what I could attain with my qualifications and what would benefit me the most. In my second year‚ I went for a job shadow at the Ontario Ministry of Finance in downtown Toronto because a career advisor at McMaster’s
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WHAT HAPPENS WHEN DOGS ARE LEFT IN CARS? There are many occasions when we make the mistake of leaving our dogs inside the car when we do errands or if we simply buy something from a convenience store. We think that it is safe for our dogs to be inside the car as he cannot run and get hit by another moving car‚ safe from being lost‚ or from any other incidents that may arise. But is he really? What happens when dogs are left in cars? Are we sure that they are safe? No. Parked cars are considered
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