...Chapter 2 - Working With The Tax Law Three Sources of Tax Law * Statutory – the law * Administrative- guidance on the law * Judicial – courts Statutory Sources of Tax Law * Internal Revenue Code (2.6 million words) * Codification of the Federal tax law provisions in a logical sequence * Have had three codes: * 1939, 1954, 1986 * Committee Reports * Explain intent of the law Statutory Sources of Tax Law * Example of Code Citation: § 2(a)(1)(A) * § = Abbreviation for “Section” * 2 = section number * (a) = Subsection * (1) = paragraph designation * (A) = subparagraph designation Legislative Process For Tax Bills Figure 2.1 Administrative Sources of Tax Law * Treasury Department Regulations * Revenue Rulings * Revenue Procedures, and Help interpret and understanding how the tax laws apply Regulations * Issued by U.S Treasury Department * Provide general interpretations and guidance in applying the code * Reg. § 1.2 Issued as: * Proposed: preview of final regulations * Do not have force and effect of law * Temporary: issued when guidance needed quickly * Same authoritative value as final regulations * Final: * Force and effect of law Revenue Rulings * Officially issued by National Office of IRS * Specific interpretations and guidance in applying the code * Less...
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...SCHOOL OF BUSINESS P.O. Box 7001 Longview, TX 75607-7001 903-233-3396 FAX 903-233-3221 FAITH BRINGS US TOGETHER. INGENUITY SETS US APART. Finance Internship DESCRIPTION For a general finance internship the student should receive supervised experience in performing duties in an actual business environment, with emphasis on observing the financial decision-making process involved in the conversion of resources into sales of goods and/or services. The intern should invest a minimum of 150 hours for full credit. PURPOSE AND GOALS OF THE COURSE By the time that you have successfully completed your internship, you will: 1. Identify specific theories, concepts and principles that were relevant at some time during your internship. 2. Develop skills in self-directed learning and dealing with ambiguity. 3. Formalize and apply your personal standard of Christian business ethics in the workplace. 4. Identify and evaluate your strengths and weaknesses as an employee and business professional. 5. Improve your communication and interpersonal skills. 6. Assess the possibility of a career with your internship employer and identify other career option opportunities. 7. Formalize and apply your personal philosophy of the integration of Christian faith in the workplace. International Finance Internship: • For this type of internship...
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...ITHACA (WENY) - Hundreds of people gathered on the Ithaca College Campus Monday evening to morn the loss of one of their own. Ithaca College sophomore, Anthony Nazaire was stabbed to death early Sunday morning after leaving a party on Cornell's campus. The Ithaca Police say a fight broke out around 2 AM, and that's when Nazaire and another man were stabbed. The other man was taken to Upstate Medical Center where he was later released. Nazaire was taken to Cayuga Medical where he was pronounced dead. . Monday afternoon, classmates, faculty and friends gathered at the Mullen Chapel on Ithaca's campus to remember the 19 year old business student. One by one, each of them told stories about Anthony's selflessness and kind hearted personality....
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...Euthanasia and Assisted Suicide debate Mary Gundersen HCA 322 November 18, 2013 Linda Hoppe Euthanasia/Assisted Suicide debate Euthanaisa and assisted suicide are heated battle, in which lines have been drawn between warning social, religious, and political groups. Several individuals want this controversial institution erased from the volumes of lawful medicine, but others say that should be able to choose our fates in extreme cases. Either the law makers, neither the country, nor the citizens could find a solution to this debate without causing an intense opposition and the possibility for an end to this war of ethics seems very far in the distance. The definition of euthanasia is a painless killing, especially to end a painful and incurable disease; mercy killing. This intentional termination of life by another is at the request of the person who dies because like so many other religious, social, and political terms, euthanasia has various meanings. The passive euthanaisa is defines the hastening of death of a person by withdrawing several types of support and letting nature take it is course, instance of his are, removing life support systems, stopping medical procedures, stopping food, and water, not delivering CPR and letting the patient’s heart stop. The several common form of passive euthanaisa is to give a person large doses of morphine to control pain despite the likely hood that the pain killer would suppress respiration, thus causing death earlier than normal...
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...Tanglewood Case Study 5 Disparate Impact Penny Ross HRM301-F1WW Jennifer Martin October 25, 2015 Tanglewood Case Study 5 Historical Hiring and Promotion Data: Applicant Flows Occupational category | | | Total | White* | Total Non-White | African-American* | Store Associates | External hires | Applicants | 18226 | 15436 | 2790 | 594 | | | Hires | 3832 | 3221 | 611 | 135 | | | Selection ratio | 21.02% | 20.87% | 21.90% 1.04 | 22.73%1.08 | | | | | | | | | | | | | | | Shift leader | External hires | Applicants | 392 | 320 | 72 | 17 | | | Hires | 61 | 54 | 7 | 2 | | | Selection ratio | 15.56% | 16.88% | 9.72% .61 | 11.76% .74 | | Internal hires | Applicants | 864 | 712 | 152 | 30 | | | Hires | 280 | 241 | 39 | 6 | | | Selection ratio | 32.41% | 33.85% | 25.66% .80 | 20.00% .63 | | | | | | | | Department manager | External hires | Applicants | 1242 | 1074 | 168 | 44 | | | Hires | 94 | 82 | 12 | 3 | | | Selection ratio | 7.57% | 7.64% | 7.14%.89 | 6.82%.85 | | Internal hires | Applicants | 589 | 509 | 80 | 21 | | | Hires | 124 | 108 | 16 | 3 | | | Selection ratio | 21.05% | 21.22% | 20.00%.95 | 14.00%.67 | | | | | | | | Asst. store manager | External...
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...Competitor Analysis When analyzing the competitors of Gatorade G2 series our goal is to assess the strengths and weaknesses of current and future companies. Although Gatorade is the largest company in the industry with a strong brand image, maintaining that against its competitors is vital to the company. Effective marketing is a critical aspect of Gatorade because this is where the majority of the profits generate from. The main competitors in the sports, energy, and health nutrition industry are The Coca-Cola Company, Energy Brands Inc. and Red Bull GmbH. The leading competitor of Gatorade is PowerAde which is owned by the Coca-Cola Company. The target market for PowerAde is essentially the same market for Gatorade. Perhaps one of PowerAde’s biggest strengths is that it is owned by Coca-Cola which is the world’s largest beverage distributor. Although the products seem to be alike they are different in content. PowerAde contains less sodium for hydration and more sugar than Gatorade. PowerAde justifies this by saying their product has a better taste because of the extra sugar. This helps PowerAde establish where they stand in the market. In PowerAde’s attempt to gain market share from Gatorade they added different variations of their product line to expand to a larger market. Instead of relying on huge endorsers to get to its highest market share ever, PowerAde has relied on the innovation of their new products. Since Gatorade has come out with a more health conscious...
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... |After Completion of Undergraduate |After Graduation | | | |Degree in Accounting | | Additional Educational Requirements Louisiana: Accounting concentration of 24 hours at the undergraduate level and 24 hours of business courses other than accounting, including a Business Law class suitable for the CPA Exam (LSU: BLAW 4203). Undergraduate Accounting Hours Required • Intermediate Accounting 6 hours (LSU: ACCT 3001 and 3021) • Cost Accounting 3 hours (LSU: ACCT 3121) • Income Tax Accounting 3 hours (LSU: ACCT 3221) • Auditing 3 hours (LSU: ACCT 3222) • 3 hours from courses listed below* 3 hours • Approved Accounting Electives** 6 hours Total 24 hours * 3 semester hours from one of the following: -Advanced Financial Accounting (LSU: ACCT 4022) -Not-for-Profit (or Government) Accounting/Auditing (LSU: ACCT 4421) -Accounting Theory (LSU: ACCT 7021) **Accounting electives must be...
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...LANGLEY COMMUNITY SERVICES SOCIETY LANGLEY CHILD CARE RESOURCE AND REFERRAL PROGRAM REGISTERED CHILD CARE LIST Statement of Responsibility The C.C.R.R. is providing referrals only. The C.C.R.R. does not inspect or supervise the work of registered childcare providers. The C.C.R.R. assesses License-Not-Required childcare providers only for the purpose of determining eligibility for the program. It is the parent’s responsibility to choose, assess and monitor their childcare arrangements. Langley Meadows & Willoughby REGISTERED LICENSE NOT REQUIRED CHILD CARE Amy 208 St & 80 Ave 604 308 0841 Christina 209A St & 83Ave 604 785 5881 Fannie 211B St & 79 Ave 604 888 8989 Gulshan 197B ST & 71 Ave 604 510 7172 Helena 211B & 80 Ave 604 881 1130 Jennifer (near Trinity University) 221 St & 79 Ave 604 857 3551 Jennifer 208 St & 70 Ave 778 809 1058 Kelly Wilding Cres (200/64) 604 510 1706 Lisa Wayburne Cres (200/64) 604 999 4430 Marsha 201 St & 71 Ave 778 837 0716 Navjeet 202 St & 73 Ave 604 514 9772 Patricia 209B St & 82 Ave 778 298 8575 Susie Wilding Cres (200/64) 604 533 3384 Taegan 211B St & 78 Ave 778 908 0841 Whitney 212 St & 80 Ave 778 242 4076 Yenelli Woodland Drive (200/64) 604 510 3621 LICENSED FAMILY CHILD CARE Ali’s Childcare Alison...
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...Affordable Health Care for America Act (H.R. 3962) The Economic Impact The Affordable Health Care for America Act (H.R. 3962 was originally signed into law by President Barack Obama in November 2009, but was not upheld by the Supreme Court until June 2012. The updated statue is known as Patient Protection and Affordable Care Act. The purpose of this reform is to provide affordable and quality health care for all Americans. At the State level, insurance companies are required to justify rate increases of ten percent or more to make sure that the increase is not unreasonable for individuals and small businesses. States should have a Rate Review program established, if not then the Federal Government will perform the rate reviews for that state. This will affect the state because small business will not have to cut back on employees due to increases in health care premiums which in turn could possibly reduce unemployment, Medicare/Medicaid and food stamps benefits at the state level. Equity of Resource Allocations in U.S. Healthcare Under the Affordable Healthcare Act, all Americans will have access to affordable and quality healthcare. This bill should reduce the number of uninsured people by thirty million. The Congressional Budget Office (CBO) predicts a 200 billion dollar reduction in the federal deficit over the next ten years and a decrease in healthcare spending by the government. This act will provide tax cuts and subsidies to employers to help increase the number...
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...HCBA 3221: International Business Management Group 1 Topic 2: International Business Research Peter Chege HD 333-1080/2015 Peninah Nyutu HD 333-1088/2015 Submitted to Dr. Oloko October 2015 INTERNATIONAL BUSINESS RESEARCH What is international Business? * Is a business where transactions occur across the borders What is research? * Research - is a process of inquiring. It is a systematic search for information. It also means carrying out a diligent enquiry or critical examination of a given phenomena * Research remains the most efficient and reliable source of knowledge. What is International business research? * International business research has been described as the objective, systematic, testable process for obtaining knowledge about our world. * International market research is a particular discipline of Market research that focuses on marketing across the borders. It is mainly concerned with consumer goods, resources or services within a business value, which is commercially utilized and further processed. * International market research covers cross-country issues. * International business has existed as a distinct field and a unique discipline. * Research in international business shows a clear dichotomy between focus on activities that cross open national boundaries and activities that are aimed at surmounting the barriers imposed by Governments. Why conduct international business research? (a) Concept...
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...MEASURING THE INFORMATION ECONOMY 2002 81 ANNEX 1. THE OECD DEFINITION OF THE ICT SECTOR In 1998, OECD member countries agreed to define the ICT sector as a combination of manufacturing and services industries that capture, transmit and display data and information electronically. This definition, based on an international standard classification of activities (ISIC Rev. 3), was considered to be a first step towards obtaining some initial measurements of ICT sector core indicators. The principles underlying the definition are the following: For manufacturing industries, the products of a candidate industry: • Must be intended to fulfil the function of information processing and communication including transmission and display. • Must use electronic processing to detect, measure and/or record physical phenomena or control a physical process. For services industries, the products of a candidate industry: • Must be intended to enable the function of information processing and communication by electronic means. The ISIC Rev. 3 classes included in the definition are: Manufacturing: 3000 – Office, accounting and computing machinery; 3130 – Insulated wire and cable; 3210 – Electronic valves and tubes and other electronic components; 3220 – Television and radio transmitters and apparatus for line telephony and line telegraphy; 3230 – Television and radio receivers, sound or video recording or reproducing apparatus and associated goods; 3312 – Instruments and appliances for measuring...
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...JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY BPS 4TH YEAR GROUP ASSIGNMENT (GROUP E) GROUP MEMBERS: 1. GACHERU BRIAN WAWERU- HD211-3221/2011 2. MUGO VICTOR MAMBO - HD211-3265/2011 3. GITONGA J GATERE - HD211-3229/2011 4. FLEMINS MUTSOLI VUDOHI- HD211-0977/2011 DATE OF SUBMITION: 11TH OCTOBER FACILITATOR: MR MBITHI INTRODUCTION An information system (IS) is any combination of information technology and people’s activities using that technology to support operations, management, and decision making. In any business organization, data is the most important thing. Different types of information are produced from data. When the amount of data is large, it becomes more difficult to process this data manually. In order to get quick results and timely information, an information system is used in almost all organizations. As the business grows, the amount of data also increases. As a result, it becomes more difficult to process the data manually. With the use of information system, data can be processed with rapid speed and information is generated quickly. To run a business successfully, effective and timely decision-making is very important. The decision making is based on the information we get from the stored data. The history of information systems coincides with the history of computer science that began long before the modern discipline of computer science emerged in...
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...Outcomes of the Civil War | How could the outcome of the Civil War been changed? | The Civil War was won by the Union but what would have happened if the Confederates would have won? What would have happened if the Union had won earlier? What would the outcome have been if new technologies had been implemented? These are questions that are not easy to answer. These questions demand speculation and assumptions that are not provable. The best guesses of different outcomes are all we have to work with. The first question, what if the Confederates had won, has many different outcomes. The most likely outcome of this is that the United States would have become five different countries. The Union and the Confederates are obvious but Texas and California would have pushed to become sovereign countries. Utah would have become the fifth country by becoming a Church State. The northwest States probably would have rejoined the Union in the 1930’s due to the Great Depression. Abraham Lincoln may not have been assassinated since John Wilkes Booth did not have a motive for the killing. Lincoln would have finished his career as a senator after twenty years. He would have written his memoirs after the war with many thousands of copies sold mainly in the south. Robert E. Lee would have become Confederate President Jefferson Davis's special envoy to the United States. But the strain of the job, and trying to maintain friendly relations with a former enemy, would have...
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...BTG 3221 Topic #8: General Deductions Section 8-1 of ITAA97 sets out the provisions for the deductions from their assessable income that allow taxpayers to arrive at their taxable income for the year. This section has two positive limbs and two negative limbs: Positive limbs “You can deduct from you assessable income any loss or outgoing to the extent that: (a) It is incurred in gaining or producing your assessable income; or (b) It is necessarily incurred in carrying on a business for the purpose of gaining or producing your assessable income” Where business includes any profession, trade, employment, vocation or calling, but does not include occupation as an employee; and necessarily is taken to mean “clearly appropriate” as it is left to the taxpayer to judge what is necessary. Negative limbs “However, you cannot deduct a loss or outgoing under this section to the extent that: (a) It is a loss our outgoing of a capital nature; or (b) It is a loss or outgoing of a private or domestic nature; or (c) It is incurred in relation to gaining or producing your exempt income or non-assessable non-exempt income (d) A provision of this Act prevents you from deducting it” As there are two distinct limbs, there is a two-step process involved in dealing with the provision. The first it to determine the extent that a loss or outgoing falls between either of the two limbs; the second step is to determine the extent that the loss or outgoing is excluded under...
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...Acknowledgement This report has been prepared for the internship that I have done in Premier Hospital Steel Furniture (Mfg.) Co., Royapuram in order to study the practical aspect of the course and implementation of theory in the real field with the purpose of fulfilling the requirements of the course of B.Sc. Mathematics. The aim of this internship programme is to become familiar with the practical aspect and application of theoretical knowledge and to put knowledge to test. So I have successfully completed the internship programme and compiled this report as the summary and a conclusion that I have drawn from the internship experience. First and Foremost, I would like to thank our Principal, Rev. Dr. B. Jeyaraj S.J. and The Head of the Department of Mathematics Dr. A. Victor Devadoss, M.Sc., and Ph.D. for providing me a wonderful opportunity for my future career. I sincerely acknowledge my deep gratitude to the Department of Mathematics Coordinator ShiftII ,Prof. Charles Robert Kenneth M.Sc., M.Phil. And my guide, Dr. Y. Kins M.Sc., M.Phil., Ph.D. for his immense encouragement and support. I would like to express my sincere gratitude to our internship sales manager Mr. Sebastian who spent her valuable time despite having his own busy schedule, sharing their experience with me. I am also thankful to Mr. Raja and other staff members for their co-operative support and for presenting me with an opportunity for me to have a practical experience in this company. ...
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