be included (A) in or excluded (B) from gross income for the 2012 tax year. 1. Alimony | | 2. Lottery winnings | | 3. Life insurance proceeds received upon the death of a family member | | 4. Child support payments | | 5. Reimbursement of hospital expenses from a health insurance plan | | 6. Municipal bond interest | | 7. Unemployment compensation | | 8. Scholarships for tuition and books | | 9. Wages | | 10. Farm income | | 11. Inheritances | | Which of the following
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Recently‚ a term known as income inequality has been thrown around in the debate between the rich and the poor. Income inequality is the unfair and ever expanding disparity between the nation ’s highest-income households‚ and the lowest-income households. Although it ’s impossible to establish 100% equality‚ due to it being unfair to give everyone the same exact income even though certain individuals work harder than others‚ thus it should be our
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the growing inequality between wages and profits. Through looking at these two relationships we can see the worsening condition of the distribution of income and wealth in Australia. When looking at changes in income in Australia‚ the recent trends (as seen in diagram 1 and diagram 2) shows the top 20% or highest quintile‚ increasing their income share from an averaged 38% in 1994/95 to over 41% in 2007/08. This increase has resulted from the long period of economic growth‚ characterised by increasing
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After viewing the multi-media presentation‚ “The Culturally Competent Organization”‚ examine the case study titled‚ Heritage Valley Medical Center: Are Your Managers Culturally Competent? On pages 429-432 of the textbook. Then answer the following questions. The Heritage Valley Medical Center managers are in fact competent because‚ they have a clear openness and respect for diverse staff and clients. Over the years the organization has had a perfect reputation for providing services to all culturally
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Low income community is the target market for extreme value retailers like Dollar General and Family Dollar. But they also serve the rural and urban shoppers that belong to low-to-middle-income families‚ ethic groups and older customers with fixed incomes. The low income families experience significant higher levels of material hardships than families one rung father up the economic ladder – families with incomes two to three times the poverty level. They tend to skip meals or not being
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A teacher has an important role that should never be taken lightly. They help inspire children to be the best that they can be. For a lot of children their teacher is the only decent role model that they may ever encounter in life. Also‚ parents have a sense of relief knowing that when their children are at school the teacher will keep them safe. In addition‚ there are several children who only get the support that they need from their teacher. A preschool teacher’s job consists of being a role model
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Income is an economic standard to retain a successful life in today’s society. An average individual hopes for stable‚ reliable and a fair income‚ however‚ when the standards don’t meet expectation‚ it gives rise to social and economic issues. One of the more prominent issue we are facing in our income inequality. The standard definition for income inequality would be the gap between individuals or households who makes the most money and who makes the least‚ or as some would put it‚ the gap between
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some consumers. Proportion of income required by the item: products requiring a larger portion of the consumer’s income tend to have greater elasticity. • Time period considered: elasticity tends to be greater over the long run because consumers have more time to adjust their behavoir to price changes. Income elasticity of demand measure the degree of responsiveness of quantity demanded of good X to a given change in level of income‚ ceteris paribus. Income elasticity of demand is calculated
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Today‚ earnings management methods‚ such as income smoothing‚ are becoming more and more ubiquitous ways of improving earnings quality and attractiveness to investors. Because investors pay such close attention to income levels and firm stability‚ such methods are coming under heavy scrutiny‚ and are receiving more attention in the way of research and studies. The scrutiny is an attempt to explain the effects‚ and whether or not‚ in the long-run‚ these methods of earnings management are‚ in fact
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data provided by Emmanuel Saez to show that there is a linear relationship between income share and the percentage of children attending college. Thus as income share increases the percentage of children receiving education increases. Children who are from poor families do not have the same advantages as rich families. However‚ Bruce Sacerdote has conflicting data. Sacerdote writes that 33% of variance of family income is due to genetics‚ 11% is due to family environment‚ and 56% are environmental factors
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