United International College Hong Kong Taxation Assignment 1 Answer the following questions. 25 marks each. 1. David’s salaries tax for year of assessment 2010/11 were due as follows: 1st instalment $10‚500 due on 2 January 2012 2nd instalment $4‚000 due on 4 April 2012. However David failed to pay the 1st instalment by the end of January 2012. What actions will be taken by Inland Revenue Department to recover the tax from David? Ans. When the tax was overdue after 2
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Prentice Hall’s Federal Taxation 2014 Corporations‚ 27e Chapter C9 Partnership Formation and Operation 1) Formation of a partnership requires legal documentation filed with the Secretary of State. Answer: FALSE Page Ref.: C:9-2 Objective: 1 2) A partner’s basis for his partnership interest can be negative. Answer: FALSE Page Ref.: C:9-5 Objective: 1 3) The holding period of a partnership interest acquired in exchange for a contributed capital asset begins on the date the partner transfers
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E-COMMERCE AND TAXATION Thousands of businesses are selling goods and services through electronic commerce‚ including the Web and private electronic networks. Selling through electronic commerce is a rapidly growing channel for sales to both retail consumers and businesses. Since about one-quarter of all state and local revenue comes from sales‚ use‚ and gross receipts taxes‚ the state and local governments are eager to avoid losing any tax revenue to electronic commerce. Traditional
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Jake Wild Period 7 DBQ Essay Southern Secession of 1860 and 1861 “If slavery must not expand in your mind‚ it’s settled‚ we as a state secede from the governing of the Union and join a greater power‚ the Confederacy. We will no longer be hampered in your hatred towards our way of living. ”…“Then be on your way‚ I shall not dabble in your cruel pro-slavery reasoning. Just bear the knowledge in mind‚ we are stronger as a whole.” The Missouri Compromise kept inevitable split of the Nation at bay
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Miracle Burton Dr. Crawford Written Comp. 1 12/1/13 Why the South Is So “Southern” When I stepped off the plane in Tennessee‚ I momentarily froze. I felt like I had almost landed in a different country. Not only was the temperature and scenery a change‚ the way people acted changed as well. Southerners have different accents and clothing styles‚ but the thing that stuck out the most was that people in the south are all together more friendly‚ hospitable and courteous. Being in
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disappeared introducing the rebirth of an entire region. With the rebirth of the southern region‚ brought southern staples and destinations only unique to the south. The south is no longer a segregated‚ slave filled region. From increased population‚ to the establishment of southern staples‚ and getaway vacations‚ the south has flourished immensely from it’s soiled past. Southern white culture is dead and the old southern way of life has vanished. Slavery has been abolished and racism nipped. Today
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Computing Taxable Income 1. Tax Payable You will find this rule in …| Tax is payable on a person’s taxable income|Australia’s Tax Law decrees that every year ending 30 June‚ most people in Australia (and this includes companies) have to pay tax on an amount which the Tax Law calls the person’s “taxable income.” This amount – the person’s “taxable income” for that year – is the end result of a much longer series of steps which the Tax Law prescribes in detail.|s. 4-1| ||| Tax payable =
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Word count:257 This week’s reading essay was interesting and I felt I am kind of lucky that I don’t have the Binge Eating Disorder. I don’t have the Binge Eating Disorder but my eating habit was really bad plus I like eating dessert and snacks a lot. I always go to school without having breakfast and sometimes I just eat too much. Nobody wants to have these kinds of diseases‚ so let’s form good eating habits from now. The author of the essay “Secrets for Dinner‚ Shame for Dessert” have made many
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UB Assignment #3: Southern Discomfort Force-field analysis SHERESE PHILANNIE WILLIAMS Force-Field Analysis: Driving Forces (Pro’s) Restraining Forces (Con’s) Questions 1. What forces for change are evident at the Oconomo plant? Jack Ripon the chief executive officer of the Oconomo plant is concerned about the high operational cost‚ he wanted to decrease the operational cost to keep the profit for the company‚ and he planned to establish another plant where the operational cost could be
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Prentice Hall’s Federal Taxation 2014 Corporations‚ 27e Chapter C8 Consolidated Tax Returns 1) To be an affiliated group‚ the parent corporation must directly own at least 80% of another group member. Answer: TRUE Page Ref.: C:8-2 Objective: 1 2) A Canadian subsidiary cannot file as part of the consolidated group with its U.S. parent. Answer: FALSE Page Ref.: C:8-5 through C:8-6 Objective: 1 3) Brother-sister controlled groups can elect to file a consolidated tax return. Answer: FALSE
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