COURSE CODE: ACC325 (ASSIGNMENT) MATRIC NO: 09AA08569 TOPIC: ‘Income tax is one of the major sources of revenue for all government in Nigeria and it is a factor to be recon with in both the state and the Federal Government body….It is an enforced contribution of money enacted pursuant to legislative authority….Analyze the importance and the problems of TAXATION and the way forward in Nigeria………….’ INTRODUCTION Income taxes provide the largest single source of government revenues in most
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As per the Income Tax Act‚ 1961 where a person dies‚ his legal representatives shall be liable to pay any sum which the deceased would have been liable to pay if he had not died‚ in the similar manner and to the same extent as the deceased. As per section 159 of the Income Tax Act‚ 1961 (Act)‚ even when a person dies‚ the assessment of his income is to be done upto the time of his death. So‚ the legal representative of the deceased has to file the income tax return for the income on which the deceased
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distribution of income is to achieve economic equality‚ which is to give every citizen the opportunity of earning a decent living. However‚ our current system’s inability to better allocate the resources we have at our disposal has widened the gap between the wealthy and the poor especially during the past 20 years. The primary benefit of the distribution of income is to transfer wealth‚ with the help of the government‚ to those who are less fortunate. The current distribution of income is a cost to
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JUSTUS-LIEBIGUNIVERSITÄT GIESSEN Andreas Bausch / Barbara E. Weißenberger / Marcus Blome Is market value-based residual income a superior performance measure compared to book value-based residual income? Working Paper 1 / 2003 – Arbeitspapiere Industrielles Management und Controlling – Herausgeber: Professur für Betriebswirtschaftslehre mit dem Schwerpunkt Industrielles Management und Controlling (Prof. Dr. Barbara E. Weißenberger) Justus-Liebig-Universität‚ Gießen http://wiwi
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causes of inequality and redistribution of income? Inequality of incomes is clearly not good as well if it results from government privileges. With the inequality‚ it can sets up perverse incentives. Inequality also arises from unequal labour market outcomes and from unequal ownership of capital driven by differences in human capital and discrimination. A Gino ratio can used to measure the level of inequality. When the Gino ratio increases‚ it means the income inequality has also increases‚ and the
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Definition of Tax “Taxes are compulsory payment to government without expectation of direct return in benefit to the tax payer” According to section 2 (62) of the ITO (Income Tax Ordinance) 1984: “Tax means the income tax payable under ordinance and includes any additional tax‚ excess profit tax‚ penalty‚ interest‚ fees or other charges leviable or payable under this ordinance.” Characteristics of Tax i. Tax is a payment to the government by the people. ii. Payment of taxes is non-penal
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E4-4 (Multiple-Step and Single-Step) Two accountants for the firm of Allen and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following 2012 information related to Webster Company ($000 omitted). Administrative expense Officers’ salaries $4‚900 Depreciation of office furniture and equipment 3‚960 Cost of goods sold 63‚570 Rent
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all others. Introduction to Visual Studio .NET Visual Studio .NET is the tool for rapidly building enterprise-scale ASP Web applications and high performance desktop applications. Visual Studio includes component-based development tools‚ such as Visual C#‚ Visual Basic‚ and Visual C++‚ as well as a number of additional technologies to simplify team-based design‚ development‚ and deployment of your solutions. Visual Studio supports the .NET Framework‚ which provides a common language runtime
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NPS Net Promoter Score ______________________________________________ Research assignment for Hotel unknown: Study to the Net Promoter Score‚ and the application process within the company ______________________________________________ Thesis 19 July 2010 ______________________________________________ Presented for the Rotterdam Business School‚ A faculty of Hogeschool Rotterdam PREFACE This report is a graduation assignment written and composed in assignment of Hotel unknown
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Architectural Strategies Java VS .Net Technology University of Phoenix Online Software Architecture July 16‚ 2012 CDCo needs to improve its architecture strategy in order to make the current application architecture more efficient and productive. Looking at the level 0 target state architecture of CDCo‚ improvement is necessary and choosing which types of technology to use needs to be thoroughly examine to see which is more beneficial to use or adapt
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