amount of his sales. This amount is usually added to basic salary. Bonus is given to simulate employees to work more efficiently and effectively (Valencia & Roxas‚ 2009) To make sure that employees comply with BIR regulation and local government laws‚ companies must include crucial employee and company information in their payroll systems. Setting up and running the different components that comprise a payroll system requires due diligence and adequate knowledge of tax legislation. Employee’s
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CHAPTER THREE THE THREE ERAS OF TAXATION IN NIGERIA General Historical Overview of Taxation Taxes are as old as the history of organised human society. During the reign of the Pharaohs in Egypt tax collectors were called scribes and taxes were collected on various items including cooking oil.1 In the ancient Greek city of Athens‚ taxes were especially important in times of war. The tax imposed during times of war was known as eisphora and no one was exempted from this tax. After the war
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Master of Business Administration- MBA Semester 1 MB0043 Human Resource Management Submitted by: NAME: ARUN NAGPAL ROLL NUMBER: Q1. Define Human resource planning (HRP). Explain the objectives and process of HRP? Human resource planning or manpower planning is essentially the predetermine process of getting the right number
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Measurement (from Old French‚ mesurement) is the assignment of numbers to objects or events.[1] It is a cornerstone of most natural sciences‚ technology‚ economics‚ and quantitative research in other social sciences. Having an international standard allows scientists and other people to share information easily. For example‚ if a chemist discovers something‚ he or she will want to share their findings with other chemists. These other chemists will want to test the theory through whatever experiment
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imposition financial charge or other levy upon a taxpayer by a state or other the functional equivalent of the State. Important source of revenue for the Government. WHY DO GOVERNMENTS IMPOSE TAXES? Governments need funds for: * Enforcement of law and public order. * Protection of property. * Development of economic infrastructure (roads‚ public works etc.) * Paying off the state’s debt and the interest this debt accumulates. * Providing services like education systems‚ health
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Instruction: Copy questions to your note book and answer all questions. Question 1 a) Define the term ‘taxation’. (2m) b) Distinguish between direct and indirect taxes. (4m) c) List two (2) examples of direct tax and briefly describe each (4m) d) List two (2) examples of indirect tax and briefly describe each (4m) e) Distinguish among the different forms of tax giving example. (6m) Question 2 Discuss three (3) ways in which revenue earned from taxation is utilized by the government
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National Service Training Program 1 Exam notes UST – first military training service in the Philippines Polo y servicios – males are required to give service to the government as a construction worker for 40days in a yr. Falla- payment given to the government instead of giving services 1912- Rep. of the Philippines establishes its formal military training of the UP (ROTC) CWTS- civic welfare training service LTS – literacy training service ROTC – reserved officers training corps Commonwealth
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University of Phoenix OnlineCourse: RES / 341Final Exam(Chapters 9+17 from Applied Statistics in Business and Economics )SOLUTIONPlease mark one answer for all multiple choice questions with RED!Chapter 91. In hypothesis testing‚ Type I error isA) always equal to 5 percent. B) always smaller or equal to 5 percent. C) the probability of rejecting H0 when H0 is true. D) the probability of rejecting H0 when H1 is true. Answer: C2. In hypothesis testing‚ Type II error isA) equal to 1 - probability
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and distributes the net income to the partners‚ including Atty. Gambino‚ in accordance with its articles of partnership. In filing his own income tax return‚ Atty. Gambino claimed deductions that the partnership did not claim‚ such as purchase of law books‚ entertainment expenses‚ car insurance and car depreciation. The BIR disallowed the deductions. Was the BIR correct? (6%) V. Mr. Agustin‚ 75 years old and suffering from an incurable disease‚ decided to sell for valuable and sufficient consideration
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Introduction “No taxation without representation!” This was a chant that was vocalized during the stamp act where colonist were fighting for their right to verbalize their beliefs of the unfairness of taxes in parliament. It was one of the many things that had changed America.The Revolutionary war was a time of fighting for independence‚ and freedom. Everything that happened was because of the British ruling the colonies and treating the colonists wrongfully‚ by adding unfair taxes to things such
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