PATNA – 800 001. Email : pkadvoc@yahoo.com *************************************************************************** Income of a Political Party - Whether taxable under Income Tax Law in India What is a Political Party ? A political party means a political party registered under section 29-A of the Representation of the People Act‚ 1951. Section 29-A of the Representation
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Income Inequality It is very prevalent in our society that inequality comes in all different forms. One could see inequality everyday in gender‚ races‚ and even income. Income inequality has been steadily rising for many years and people have become frustrated with this upward trend. In David Leonhardt’s article “Inequality Has Been Going on Forever … but That Doesn’t Mean It’s Inevitable‚” the author criticizes this upward trend and describes the different levels of income inequality that
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INCOME INEQUALITY IN THE UNITED STATES OF AMERICA Still to date‚ the problem of income inequality is an issue of a great importance for million of African-Americans and others who struggle to improve their quality of life. It must be known by now‚ that economic injustice has had a devastating impact on black communities all across America. Issues such as inequality and racial discrimination in education‚ the social environment‚ and economics have gone on for too long‚ and it has been engraved
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ANSWERS TO QUESTIONS FOR CHAPTER 1 (Questions are in bold print followed by answers.) 2. What is meant by a mortgage-backed security? A mortgage-backed security is a security backed by one or more mortgage loans. Like a bond that is callable‚ a mortgage-backed security allows the investor to grant the borrower an option. 4. What is the cash flow of a 10-year bond that pays coupon interest semiannually‚ has a coupon rate of 7%‚ and has a par value of $100‚000? The principal or par
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that answers this question with specific reference to Vowell’s text. Your essay should include your own defensible thesis statement and reasons and examples from your studies‚ experience‚ or observations that develop and support it. OR Question 2. In her essay “Shooting Dad”‚ Sarah Vowell describes her shift from focusing on her and her father’s differences to focusing on their similarities. This shift allows her to prioritize their relationship over their disagreements. In your experience
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what’s going to happen next. I felt anxious trying to figure what Montresor was going to do to Fortunato‚ I didn’t expect him to intoxicate him with wine and basically bury him alive. 2. What techniques does the author use to help you visualize the place‚ the people‚ and the events that are taking place within the story? The author describes everything very well. He describes what Fortunato is wearing‚ he describes the vaults and what is inside and around them‚ the stench inside the vaults‚ and
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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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Financial Situation Summarize Take Home Income His annually income includes $65000 from self-employed business and $20000 from part-time job totally worth $85000. After contributing to superannuation‚ the taxable income is $80000; there is no Medicare levy since they have private health insurance. So the total tax is $17550‚ his take home income is $62450. Her take home pay is $601*52 equals $31252 per year‚ which is after tax amount. So their total take home income is $93702 per year ($7808.5 monthly)
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The earned income tax is used for individuals who make less than $54k a year. This credit is one of the most overlooked tax break‚ according to many experts. The IRS estimate 26 million people received about $65.6 billion under this tax credit last year. The average amount received was more than $2‚400 but it can be worth more than $6‚000. Most people who qualified for the tax break do not apply for it. It’s huge. Especially for low income households‚ most people who applied couldn’t believe
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Departmental Income Statement A Departmental Income Statement shows each departments contribution margin and net income from operating‚ after all expenses are allocated for. The Departmental Income Statement shows which departments of the company are the most profitable‚ and which departments are costing the company money. The Departmental Income Statement helps managers and owners evaluate and control the operations of each department. This is important for running a top quality company. The
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