...Nonprofit Activity Types The Internal Revenue Service tax code describes allowable purposes of 501(c)(3) nonprofit organizations as serving religious, educational, charitable, scientific, and literary purposes. This broad definition encompasses a wide variety of organizations — from those conducting medical research to those providing free legal services to low-income families to those preserving historic sites. It also includes corporations and foundations founded to support such activities. We’ve organized a quick overview of categories and kinds of activities. Arts, culture, and humanities This category probably makes you think of museums and concert halls. You’re right, but that’s not all. They belong here along with these organizations: * Organizations and activities that further enjoyment and understanding of all kinds of arts * Media and communications organizations * Groups furthering the understanding of history and genealogy * Halls of fame * Historic preservation * Organizations offering services to artists, writers, and performers * Organizations for the training and education of artists, writers, and performers Did you think of heredity-based organizations (such as Sons of the Revolution or Daughters of the Confederacy)? They belong here, too — along with nonprofit circuses! Education You thought schools...
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...receive an A letter grade because the grade would be simply be considered: 89% A3: Tax Payment As previously demonstrated, applying rounding and truncation can have a dramatic effect on the end result. To further illustrate the impact of rounding and truncation on an individual’s bottom line let’s pretend that the United States government were to tax you at a rate of 27.8%. What this means is that that for every $1 dollar earned, you would be expected to pay 27.8 cents to the Internal Revenue Service. Since private citizens do not have anything smaller than a penny to pay their taxes and there are heavy penalties for underpayment, IRS tax forms require whole dollar amounts using the same rounding principals applied to the student’s grade in part A1, where partial dollar amounts above 0.50 cents are rounded to the next whole dollar (IRS 2011). We can see easily see from the following graph why the taxpayer would prefer to truncate their tax rate as truncation saves them nearly a full percent in taxes which equates to 8 to 10 dollars for every $1,000 earned. [pic] A3 Part B Examples: |Truncation |Dinner Plans...
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...Salvatore's Chapter 14: a. Discussion Questions: 12 and 15. b. Problems: spreadsheet problems 1 and 2. 12. What is the rationale behind the minimax regret rule? What are some less formal and precise methods of dealing with uncertainty? When are these useful? The rationale is to reduce the threat associated with business decisions and minimize the mistakes from those decisions. The miscalculations associated with each decision is calculated by subtracting the payoff from the maximum payoff under the same state of nature. The decision maker then determines the strategy with the minimum of these maximum regrets under any possible state of nature. Some of the more informal and less precise methods of dealing with uncertainty include the following: • The acquisition of additional information • Referral to authorities such as the Internal Revenue Service and the Securities and Exchange Commission to remove any uncertainty regarding their specific expertise • Attempting to control the business environment for their respective firms using things such as patents and copyrights. • Diversifying the product line as well as security holdings within the company’s portfolio 15. How does the adverse selection problem arise in the credit-card market? How do credit-card companies reduce the adverse selection problem that they face? To what complaint does this give rise? Adverse selection/negative selection pertains to a market in which unwanted...
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...NAME: ADDRESS: EMAIL ADDRESS: TELEPHONE NUMBER: COURSE NUMBER: TITLE: INSTRUCTOR: DATE: INTRODUCTION Lifestyle auditing is the study of a person’s standards of living and uses this information to confirm whether it is consisted with their reported income. This involves the tax authorities conducting independent investigations on business trusts, individual tax payers and company. This is done to ensure that monthly living the monthly living expenses of the tax payer are consistent with his assets and income statements that what was declared. Lifestyle auditing is one of the critical tools used by the management in helping in the detection, prevention and correction of fraud and error on a timely basis. Life style auditing is a term that is used by forensic auditors to find out whether the lifestyle of an individual directly relates to their know income streams Lifestyle auditing is simply the putting together of various databases which give the management and also investigators a quick view into certain aspects of the life of an employee. The use of a life style audit will legitimately lead to the prevention and detection of fraud. HISTORY In the recent past, there has been an increase in corruption cases such as taxpayers colluding with tax collecting officials hence posing a great challenge to public service as the government cannot collect enough money to finance setting up of schools, hospitals and other infrastructure for...
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...Modron Technologies, Inc. GM600 BUSINESS PLANNING SEMINAR KELLER GRADUATE SCHOOL OF MANAGEMENT BUSINESS PLAN FOR: PREPARED BY: MICHAEL BARTHOLOMEW KHANG HUYNG ROLAND RIEGO HYUNG RYU GM600 Group B Page 1 Modron Technologies, Inc. TABLE OF CONTENTS Overview......................................................................................................................... 4 Mission Statement........................................................................................................... 4 Marketing Plan................................................................................................................ 4 Operation Plan ................................................................................................................ 5 Financial Plan.................................................................................................................. 5 Summary ......................................................................................................................... 5 MARKETING PLAN........................................................................................... 6 Opportunity ..................................................................................................................... 6 Product Description ........................................................................................................ 6 Product offering ....................................................................
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...iv. S.W.O.T Analysis of Inner City Corporation Strengths - Competitive prices of its products. - Steady growth in its market. - The company's reputation had been built on its fast service; it frequently supplied paint to contractors within 24 hours. Weaknesses - Customers view Inner City as a company that negotiates on price and payment out of desperation. - His plant manager's only experience has been that of a painter. - Operating without management controls or financial controls. - Inability to pay suppliers on time - Poor condition of facilities - All records are processed manually - Inventory records are not kept. - Lack of proper delegation of authority. Employees take turns making paint and driving the delivery trucks. - Unskilled employees. Opportunities - Considering a purchase of a computer to organize the business and reduce needless paperwork. - Consultants who are able to quickly spot problems in business. - The production of color paints Threats - The slowdown in the housing market combined with the slowdown in the overall economy caused financial difficulty for the company. - Walsh manages the corporation today in much the same way that he did when the business began. - Walsh lacked on giving trust to other people. - Rumors abound that the company is in difficult financial straits, that it is unable to pay suppliers, and it owes a considerable sum for payment on back taxes. - Paint contractors are hesitant...
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...Security Monitoring In today’s business world an organization may consist of many different applications which require a certain level of risk assessment and security measures. Each application within the organization needs to be thoroughly reviewed in order to determine the associated risks and ways in which to protect against them. Another factor to be considered is that risk may vary between internal and external applications. There are many activities which can be incorporated into an organizations security plan which will help to mitigate possible risks and the loss that result from security breaches. It will be difficult for a company to achieve information security objectives without security event monitoring. Security event monitoring is derived from the general practice of monitoring activities that occur on a computer system. Security event monitoring involves recording information that represents activity and analyzing recorded information to identify and respond to questionable activities i.e.; possible security events Making Security Monitoring a Part of Your Best Security Practices. This first step would be to identify what exactly is considered questionable activity. While there is defiantly some level of activity which is considered acceptable the rules and boundaries must be clearly defined. An organization must take into consideration the applications to be used and the minimum level of security that can be used which will still...
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...the Federal Communications Commission may not Answer Selected Answer: ignore the Administrative Procedure Act to streamline proceedings. • Question 3 1 out of 1 points The Federal Aviation Administration uses notice-and-comment rulemaking. The final rule in such a proceeding has binding legal effect Answer Selected Answer: unless a court overturns it. • Question 4 1 out of 1 points The Federal Aviation Administration uses notice-and-comment rulemaking. The final rule in such a proceeding is sometimes referred to as Answer Selected Answer: a legislative rule. • Question 5 1 out of 1 points The Internal Revenue Service (IRS) wants to seize certain documents of Mortgage Bank, Inc. Deciding whether it is permissible for the IRS to request or seize the documents depends on whether the documents are Answer Selected Answer: relevant. • Question 6 1 out of 1 points Independent regulatory agencies such as the Federal Trade Commission are Answer Selected Answer: outside the major departments of the government's executive branch. • Question 7 1 out of 1 points The Securities and Exchange Commission decides to create a new rule relating to the dissemination of material nonpublic information through corporate blogs, tweets, and Web sites. The first step is to Answer Selected Answer: publish a notice of the proposed rulemaking. • Question 8...
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...Chapter 1 1. What is the difference between Data and Information? a. Data: raw facts that describe the characteristics of an event that, in isolation, have little meaning b. Information: data organized in a meaningful way to be useful to the user 2. What makes Information useful? c. Data is often processed (aggregated, sorted, etc.) and then combined with the appropriate context d. Decision makers typically require useful information to make decisions e. Must be relevant and reliable 3. Define “Relevant” in the context of useful information. f. Predictive value (helps with forecasting the future). g. Feedback value (corrects or confirms what had been predicted in the past). h. Timeliness (available when needed or in time to have an impact on a decision). i. Information must be relevant to the decision maker j. Information is relevant only if it would affect a business decision k. Information is relevant when it helps users predict what will happen in the future (predictive value) or evaluate how past decisions actually worked out (feedback value). l. It is also relevant if the information is received in time to affect their decisions (timeliness). 4. Define “Reliable” in the context of useful information. m. Predictive value (helps with forecasting the future). n. Feedback value (corrects or confirms what had been predicted in the past). o. Timeliness (available...
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...3.0 PESTEL ANALYSIS 3.1 POLITICAL The company has no political pressures on it at present. The political framework of the country supports the Retailership businesses. Kroger took part in the campaign started by USO, which is a not for profit organization that aims to serve the US military troops and their families; this initiative was a collaborative effort by Kroger and P&G (WGSC org, 2011). 3.2 ECONOMIC The economic environment of the company is not performing up to the mark. The customers are increasingly cutting off their expenses by limiting the number of purchases and visits to the stores. The economic downturn has adversely affected the businesses and other operations in US. Kroger is no different from the other companies but due to its intense marketing and customer services strategies it has tried to maintained its position even in the period of recession. 3.3 SOCIAL Kroger is continuously trying to take part in the activities to promote the culture and social benefits to the people of country. Food safety is Kroger’s top priority. They have well-established, science-based practices in place to ensure that the food items sold in the stores are prepared and handled safely. Kroger recently began a new customer notification system for certain types of recalls. Using customer loyalty database, they are able to notify customers via register receipts about recalls of products they may have purchased. They use personalized communications to the customers (Kroger...
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...Dr. Roger Jones is a successful dentist but he is experiencing recurring financial difficulties. For example, Dr. Jones owns his office building, which he leased to the professional corporation that housed his dental practice (he owns all shares in the corporation). However, Dr. Jones recently received a registered letter from the Internal Revenue Service threatening to impound his business and sell its assets for the corporation’s failure to pay payroll taxes for the past six months. Also, the corporation has had difficulty paying its suppliers, owing one of them over $200,000 plus interest. In the past, Dr. Jones had solved similar problems by borrowing money on the equity in either his personal residence or his office building. Not surprisingly, Dr. Jones has grown weary of these recurring problems and has hired a local consultant for advice on how to fix his financial problems. According to the analysis of the consultant, the financial difficulties facing Dr. Jones have been caused by the absence of proper planning and control. Budgetary control is sorely needed. To assist you in preparing a plan of action that will help his dental practice regain financial stability, Dr. Jones has made available the financial information describing a typical month in the following table. [pic] .:. Benefits include Dr. Jones’s share of social security and a health insurance premium for all employees. Although all revenues billed in a month are not collected, the cash flowing into the business...
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...Unit 1 - Assignment #1 China’s Tainted Baby Milk Powder: Rumored Control of Online News 1. Yes, there was damage to Baidu.com’s reputation. The rumors made the company’s information appear unreliable. By the rumor of the company being paid off for both not disclosing information and by ad placements, in the way that paid ads are listed pages before unpaid ads. The placement of ads also gives way that companies could pay for ad placement. 2. Future reputational damage could force the company into bankruptcy if the public’s trust is completely lost. How the company is view could be measured by how my hits the site would continue to get. If the public believes the information is unreliable, the hits to the sight would decrease. If a decrease happens, it is highly likely that the need for the company will not continue to exist. Because of the rumors of the omission of information and ad placement, the public could question the reliability of the information that is on their site. Once the public’s trust is completely lost, recovery is difficult. 3. Baidu.com will have to overcome the rumor of how they were said to have accepted payments for withholding a company’s information from on-line searches. They will have to disclose all of their financial records. This is done in an effort to make the company financial activities as transparent as possible and display that they are confederate in their financial activities. This will aid the company in regaining...
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...Improving the Reputation of Inner-City Paint Corporation Statement of the Problem What strategic step can Stanley Walsh make to improve the situation and reputation of Inner-City Paint Corporation? Objectives To analyze Inner-City Paint Corporation's current situation. To determine the company's strengths, weaknesses, opportunities and threats. To make an industry analysis on Inner-City Paint Corporation. To make a financial analysis of the Corporation. To recommend alternatives that will determine the best solution to the given problem. Alternatives 1. Management Improvement - Mr. Walsh should take up management degree. He needs to learn employee empowerment and delegation. He needs to learn employee empowerment and delegation. The plant manager needs to be trained on leadership since he has no experience in management. He should also start hiring a public relations specialist and a marketing specialist to improve on these two aspects of the business. 2. Facility Improvement - Equipment at Inner-City Paint is three large mixer, two smaller mixers, machines in the lab and the trucks. Mr. Walsh should buy more equipment so that his consumers won't have to worry about their order not being ready. He has enough transportation Equipment. But he should buy some new mixer and more lab equipment. In order to acquire all of this he should take the loan. Recommendation I would recommend the first alternative which is to improve management. Mr. Walsh wasn't trained...
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...application in an expedited manner. Complete and detailed answers will help us to better serve your organization. Please send in your responses via email to NONPROFIT@LEGALZOOM.COM. Your responses to the questionnaire should be in MS WORD format, and your responses to the budget should be in MS EXCEL format. Please Note: 1. Legalzoom.com only prepares your 501(c)(3) application according to your responses to our follow up questions. We do not submit your application to the IRS nor do we have an affiliation with the IRS. 2. The IRS User Fee will vary depending on the average of your total revenues. 3. For MAC users • Please ensure the name of the file has the PC-appropriate extension (i.e. Document.DOC or Document.XLS) • Save documents as an appropriate file type • Email your responses as an attachment Please provide 3 titled officers (President, Secretary and Treasurer) for the organization. Please note that the IRS prefers that at least 2 different people hold the position for president and treasurer. Also, a 501(c)(3) organization is required to have at least three (3) directors, preferably unrelated by blood or marriage. Please provide the names, addresses, and annual compensations for the three officers and directors. Please note that officers may also serve as directors. We have listed the following people as officers/directors in your organization. Please verify the information and...
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...Stakeholder Influences HSM/270 October 4. 2012 Stakeholder Influences In the field of human services one of the most influential stakeholders when it comes to program planning and evaluation is the funding source. Often times the funding source has a specific set of requirements that the program and agency must meet in order to obtain or maintain funding. The program planning and evaluation process is greatly affected by this. The needs and expectations of the stakeholders influence program planning and evaluation because they must adhere to specific restrictions placed upon them by the IRS and other government agencies. The funding source usually wants to proposed program to have similar goals and objectives along with similar values. The program planning may be changed in order to line up with the values of the funding source. The Madison Children’s Hospital seeks to start a program which research is done to look into the issue of chronic illness in adolescents ages 8-21. The funding source for this program is the National Institute of Health Care. The National Institute of Health Care seeks to fund research to improve self-management and quality of life for children with chronic illness. The needs and expectations of the hospital are to address the concerns of a lack in self-management of chronic illness. The hospital is interested in researching the causes for the lack of self-management which is causing an increase in complications as well as a lack of school...
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