Table of Contents Australian Income Tax Guidance Notes 4 Topic 1 Introduction to income tax 5 Topic 2 Assessable Income 5 Topic 3 Exempt Income 5 Topic 4 Capital Gains 5 Topic 5 Annuities and Foreign Pensions 5 Topic 6 Termination payments 5 Topic 7 Small Business Entities 5 Topic 8 Trading stock 5 08.1 Valuation of trading stock (S9-180) 5 08.1.1 Methods used to work out the cost of trading stock (S9-200) 5 08.1.1.1 Trading stock on hand taken into account
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- - - “WHY DOES INCOME INEQUALITY EXIST?” Submitted to: - Submitted by: - - - - 4. Why does income inequality exist? Income inequality‚ also known as economic inequality or wealth and income differences typically refers to inequality among individuals and society‚ but it can also refer to disparity among countries. There are many reasons for this phenomenon to happen within the societies‚ most of them are often inter-related. However‚ we could say that the most important
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The 7 Main Approaches/Perspectives to Psychology *Many psychologists may believe that each perspective has valid explanations depending on the specific situation‚ and this point of view is called eclectic. This term refers to the claim that no one perspective has all the answers to the variety of human thought and behavior. Psychologists tend to use various perspectives in their work depending on which point of view fits best with the explanation. Approach & Its Influential Period Principle
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presented in the poems “Piano” and “Half-past Two” The theme of childhood is presented in the poem “Piano” and “Half-past two”. The poem Half-past two‚ written by U.A Fanthorpe‚ is all about how vulnerable children and their childish innocence. In both poems the poets present childhood in different and exceptional way. In "Piano"‚ childhood is presented in a very idealistic way. The poet is remembering the good old times when he was sitting under the piano and listening to his mother tenderly
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When we were in preschool and kindergarten‚ the teachers would always ask us what we aspired to be when we grew up. Power Puff girls‚ princesses‚ astronauts‚ and superheroes were some of the most popular responses. It seemed like it was so far away! Now that we are starting high school‚ it is not very far away at all. As we matured‚ our future professions have changed and become more realistic. Becoming doctors or marine biologists have become our new dreams. We have to start shaping our minds for
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Explain the various financial statements like balance sheet‚ income statement‚ and statement of cash flow and owner’s equity with its advantages and disadvantages of preparing this statement with an example. INTRODUCTION Financial statements provide information of value to company officers and various external parties‚ such as investors and lenders of funds. Publicly owned companies are required to publish general-purpose financial statements that include a balance sheet‚ income statement‚ and
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Middle Income Trap Questions 1. The Middle Income Trap is an economic development situation in which a country that has attained a certain income (due to given advantages such as cheap labour and natural resources) gets stuck at that level without graduating toward high-income status. 2. An economic explanation for countries being caught in this ‘trap’ is that these countries are trapped between benefits existing when you’re at the lowest level of development and at the highest. When an economy
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VARIABLE COSTINGMorenike Onibon Liberty University Abstract Determining the actual valuation of manufactured assets has always been a major problem in the accounting field. The real controversy exist in the decision regarding which costs are relevant to future periods‚ and thus should be included in assets valuation‚ and which should not be charged against net income. An understanding of the relationship between costs‚ volume‚ and profit‚ enables management to set more realistic objectives for
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INCOME TAXES AND DIVIDEND POLICY The income taxes of stockholders should affect the dividend policy of a firm. To help you understand these tax implications‚ we shall first examine the importance of tax deferral and then show the impact of having two different tax rates‚ one for ordinary income and one for capital gains. Rational stockholders should value a stock based on the after-tax returns they expect to receive from owning it. The tax status of the return depends on the form in which it is
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PRINCIPLES OF INCOME-TAX LAW By: Justice R.K. Abichandani 1. Constitutional Provisions : The Constitution of India vests the Parliament with plenary legislative powers to impose taxes on matters specifically enumerated in the Union List and all the power of making any law imposing a tax not mentioned in Concurrent or State Lists‚ as provided by Article 248(2). “Tax on income” is defined in an inclusive manner by Article 366(29) under which the expression
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