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Q. Which are the allowances are exempted from the income tax?
1. Uniform Allowance and Sumptuary Allowance
2. Death cum Retirement gratuity received by Government Servant their families.
3. Gratuity received by an employee
4. Any payment in commutation of pension.
5. Any some received under life insurance policy.
6. Amount by way of encashment of unutilized earned leave.
Income tax groupings given by the Internal Revenue Service (IRS) that decide that at what rate an individual, corporation's or trust, annual income will expose to federal income ta
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A and B are unrelated individuals. A forms Newco Inc. on January 2 of the current year by transferring property with a basis of $10,000 and a value of $50,000 for all 50 shares of
C corporation versus S corporation
Q. What is Taxpayer Identification Number? Taxpayer Identification Number (TIN) - Any taxable entity or other individual that is required to file a return, statement or any oth
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Your firm purchased a line of computer equipment for $1.5M four years ago. It is assigned a CCA rate of 20% and the firm has a tax rate of 35%. At the end of this year (year 4
Question 1: Government imposes a specific tax on hotel room. Use demand and supply analysis to explain the incidence of this tax on the tourist, hotelier, Government as well a
The tab-delimited text file C223C323_A1_S1_2013_Q1_Q2.txt contains data on the share price of FirstGroup plc (FirstGroup), the public transport company, the share price of Cairn En
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