Australian taxation law Assignment Example | Topics and Well Written Essays - 2000 words

Australian taxation law - Assignment Example (1+GST rate) ? FBT rate Hence, the following benefits of Paul shall be as follows: Car fringe Benefit $22,500 Entertainment Fringe Benefit $ 2,000 Loan Fringe Benefit $ 8,000 ---------------- Employer’s type 1 aggregate fringe benefits $32,500 amount 46.5% + 10% ------------------------------------------- $32,500 x (1 – 46.5%) ? (1+ 10%) ? 46.5% rate $32,500 ? 2.0647 = $67,102.75 Total Fringe Liability This is the total value of the fringe benefits tax liability of Chatswood Pty Ltd. for the year ended 31 March 2011. For purposes of computation, ‘the FBT year is the 12 months beginning 1 April and ending 31 March. Currently, the FBT rate is 46.5%. A GST of 10% is applied on most goods and services that are supplied in Australia and on goods imported into Australia’2. ‘If an employee receives certain fringe benefits with a total taxable value of more than $1,000 in an FBT year (1 April to 31 March), employer must report the grossed-up taxable value of the benefits on their payment summary for the corresponding income year (1 July to 30 June). This is called the reportable fringe benefits amount’3. Therefore, the Fringe Benefits Tax (FBT) that should be paid by the employer Chatswood Pty Ltd., at the end of the year is $67,102.75. The car fringe benefit, the loan fringe benefit and the entertainment fringe benefit which were granted to Paul by his employer are all entitled to Goods and Services Tax (GST) credit that is available to Chatswood Pty Ltd. However, the $1,000 salary of Paul is not considered as a fringe benefit since there is an imposed tax on the salary which is being paid by the employee. As defined under the Finance Act of 2005: â€Å"Fringe Benefits† means any consideration for employment provided by way of: (a)  Ã‚  Ã‚  Ã¢â‚¬Å"any privilege, service, facility or amenity, directly or indirectly, provided by an employer, whether by way of reimbursement or otherwise, to his employees (including former employee or employees) (b)  Ã‚  Ã‚  any free or  concessional  ticket provided by the employer for private journeys of his employees or their family members;  Ã‚  and (c)  Ã‚  Ã‚  Ã‚  any contribution by the employer to an approved superannuation fund for employees†.4 The total value of all fringe benefits given to a particular employee by his or her employer in an FBT year is known as their individual fringe benefits amount. 2. Peter’s is liable to pay a capital gains tax (CGT) for the sale of the gift shop for the year 2010/2011 based on the following computation: Gross Sale Proceeds from the gift shop: $840,000 Less: Incidental Cost of Disposal : $(60,000) Net Sale Proceeds: $780,000 Less Cost of Asset: $(450,000) Capital Gain: $330,000 Therefore, Peter shall be liable to pay a CGT on his gain amounting to $330,000. ‘Capital gains tax is a tax on the profits which may be made from the sale of capital assets. Only individuals are liable to pay CGT, cor porations are not liable to CGT. A liability to pay CGT arises only when a chargeable person makes a chargeable disposal of a chargeable assets’5. Some of chargeable assets include lands and buildings, paintings, jewelry, plant and machinery. However, no CGT shall be imposed on the sale of his main residence as he is entitled to ‘Private Residence Relief’. To qualify for the exemption based on the ‘Private Residenc

Similarities between the Picture House and theme parks in Disneyland Essay

Similarities between the Picture House and theme parks in Disneyland - Essay Example The only answer would be that until then we were confined to having pictures painted, but the possibility of seeing our pictures on paper as though they were real, enthralled people. The advent of the motion picture further popularized this cause. With the creation of movies, people who watched them began to feel that they were integral entities in the movie so much so that if there were an emotional scene, then most would be in tears, or if there were any action, one could see people emulating their favorite actors and sometimes would end up punching the fellow next to them accidentally. People began to sense their lives in the movie's story and this is the prime reason as to why people loved to throng the picture house. Pictures were beginning to be made on all sorts of subjects, from comedy to tragedy; from history to mystery; from morals to quarrels etc. Within due course of time, movies had extended such an influence over the public that everyone wanted to emulate his personal hero, for whom he was god (the actors in this case). We like to develop ourselves into looking and behave like our heroes. Cinemas became symbols of economic prosperity, and people felt proud of its stature.

Essay --

Mexican Independence ( Rough draft ) Have you ever thought of something you're so curious about? Something that your curiosity runs completely insane because you need the full information or a full story about what really happened or how did it happen ? Well I did, When a research paper was assigned about Spanish Culture I was only Interested into one topic and thats the History or background oh how the Mexican People receive their Independence. Like how America had it’s own story of its independence. Independence is about Freedom, the freedom to do what you want or to be who you are. Well like any other culture independence was very important to the spanish people, I believe its a celebration way bigger than an event like Cinco De Mayo. I believe it’s one of the most important events for the spanish people, and here’s why! During the early nineteenth century , Mexico was slightly influence by the country U.S and France as they seek for their Independence. They began to plan or thought about a rebellion against spain. One of the famous people involve in this event was Father Miguel Hidalgo who was from Dolores, Mexico . Father Hidalgo was one of the main leaders in the rallying group of people seeking for Independence against Spain. As time passes by Hidalgo and his people during the year 1810 of late fall Hidalgo and his people were already planning a revolt against spain. The Spanish people found out about the revolt which led the Spanish Government to order the arrest of Hidalgo and his officers. When Hidalgo found out, he called a meeting at his church. He rang the church bell on the night of September 15, 1810 to call his congregation to mass. Here Father Hidalgo rallied the people to fight. He gave the speec... ...ime all across Mexico. While the crowd says this they fill the air with confetti, streamers and hoopla. Castillos explode in showers of red, white, and green. The actual day of September 16 is similar to July Fourth in the US. There are rodeos, parades, bullfights, horseback rider performances and grand feasts. The statues in memory of Father Hidalgo are decorated with red, white, and green flowers. The Mexican Flag is made up of green, white, and red. The green is on the left side of the flag and symbolizes independence. White is the color in the middle of the flag and symbolizes religion. The red is on the right side of the flag and symbolizes union. These colors are used often in decorating for the Mexican Independence Day fiesta. September 16 is a very remarkable day for the spanish tribe it’s because it’s the day they receive their freedom from spain.

Contractors in the Military Essay

Going back in time to the Civil War, private contractors can be found, providing support, logistics, and supplies to the military forces. If you think about today’s military bases and approaching the front gate that do you see? Well the first person you see is a private security guard standing there waiting to welcome you to fort whatever. Why don’t you see a Military Police Officer standing there? Simple question right, well it isn’t because the Military is going more and more towards a civilian work force. What does going to basically civilian work force do for those men and women that serve in the United States Military today? Is the government really making the right choice by continuing to use private contractors back home and abroad in war zones today? That is where this paper is going to search out the causes and effects of the use of private contractors or civilian work force in today’s Military. Today’s Military bases are flooded with civil ian workforce working for the government as private contractors. The Government today is looking for anyway to cut Military budget and save money. But is using the civilian workforce saving money? Well let’s talk about those security guards at the front gate, let’s say the guard is between a GS 1-3 the average salary for them are seventeen thousand to twenty eight thousand a year. Now look at an Army Military Police Officer e-1 through e-3 which is equivalent to the GS 1-3 the salary for that e-1 through e-3 is between seventeen thousand to twenty thousand dollars a year. So from that little comparison using a private workforce really isn’t saving anyone any money. Let me remind you that doesn’t include years in service. Because more time in the GS ranks you make more money faster. But for that enlisted soldier his money caps after so many years. But everywhere you go you see more and more civilian workforce so there must be a positive side to having civilians work alongside with the Military agencies. Having private contractors work alongside with the Military can take some stress off of units that are deployed down range in combat zones. Those units can focus on their missions at hand and can rely on logistical support and personnel support from basically private security forces downrange. â€Å"For the State Department, armed contractors likewise perform a variety of security tasks†(Isenberg 2009). In comparison to past conflicts the United States was involved in like Gulf War one in which the ratio was one contractor to fifty eight service men. Now let’s jump to the Bosnia conflict where the ration jumped to one to fifth teen. Then you look at Iraq War which the ratio dropped to one to six. So the use of the contractor is becoming more evident in armed conflict zones. So many jobs that the Military gives to the private sector are specific jobs or a â€Å"valuable skill† that is a specific task. So by giving those specific jobs to contractors in war zones al lows the military to provide sustainment abilities on forward bases. â€Å"Then you have to look at the bad side of those private contractors, with the likes of Black Water, and Triple Canopy†(Cotton 2010). Those two companies have been involved in many altercations that put a bad taste in people’s mouth about private companies working in war zones. Each company did many things that caused a lot of crisis for fellow service members while they were deployed in hostile places. These companies go to do a job get paid more by our United States Government then goes and does hostile acts against the other country, that puts many other people not just service members in harm way. So why should the DOD pay people like this? Well that is just the great debate. So with the government in war still in Afghanistan, why do we continue to rely on so many private companies, well that is because of those vital assets those people offer. So if the government would put a little more faith in the Military Services we have and train. We could start working on the costs of what is spent while we are at war. Even though it would be great to limit the use of contractors, the use of the contractors just needs to be limited in certain ways. Keep using the ones that are needed to assist in logistical support and aid in missions to assist. Try and stop the use of the ones in war zones running missions could improve on the government spending, let those people that serve in the Military keep running those missions, because that is what enlisted do serve our country. Works Cited ISENBERG, DAVID. Shadow Force. Westport, CT: Praeger Publishers, 2009. Praeger Security International Online. 1 Jan 2013.

The Impact Of Usda Revisions On Food Packages On...

Introduction In this article, the main objective was to observe the impact of USDA revisions on its Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) concerning food packages on nutritional behavior and obesity among children who are 0- to 4-years old mostly residing at the New York State (NYS) WIC program. In January 2009, the NYS was the first to implement such revisions thereby adding fruits, whole grains, and vegetables to the diet. Whole milk was replaced with low or 1% fat in nonfat milk given to children from ages 2- to 4-years old. Children were enrolled in the NYS WIC program from July 1, 2008 and December 31, 2011 (Chiasson et al., 2013, p. 1423). Main Points The WIC program was initially†¦show more content†¦Parents and caregivers were asked about behavioral outcomes during certification and recertification visits. Critical Analysis The article itself fairly discusses the effects of the revised WIC guidelines on malnutrition among children. As a whole, the content and subheadings are organized in a way that the reader expects the experiment to be. Its abstract is in an outlined description form where each of the parts is explained with the corresponding content as expected by the reader. The list of references is also credible where the authors combined books, journals, and online resources as well. Government agencies are also listed in the references pages to confirm the credibility of this study. In general, the article is well-researched and its utilization of statistics to measure the results of its data is done efficiently. Personal Impression I am attracted to reading and creating my journal critique for this article because it is timely and the organization of its contents is impressive as well. The way authors have expressed their concerns over the revisions of the WIC program among children malnutrition was well depicted in this journal since they have not only based their results and evidences on the policy guidelines but also the behavioral implications of the program among parents and caregivers as well. This puts the study in its holistic approach

Oedipus The King And Antigone - 1264 Words

Sophocles is a famous Greek mythology writer, who wrote two of the most tragic plays: Oedipus the King and Antigone. The end of Oedipus the King was the beginning of Antigone. Oedipus the King is one of the strongest tragic Drama as it tells a serious story which evokes fear and pity through incidents that put sympathetic characters in threat and Oedipus the tragic protagonist (the king) who suffer more than he deserved. Although, Antigone resemble Oedipus the King in many faces such as it is a tragic Drama, also it has two tragic protagonists, Antigone and Creon. Both of Antigone and Creon showed traits of immoral and both ended up with a tragedy terminus as a consequence of their pride. Oedipus the King was a good example of tragedy†¦show more content†¦/ For when I drive pollution from the land† (155-68). Oedipus’s nobility can be recognized in his words when he realized his duty toward his city and he showed his willing to help and find the killer of the ol d king. Also, Antigone had a noble deed too, that can be notable when she decided to bury her died brother who was not buried due to Creon’s order: Antigone declaims her sister Ismene in Antigone, â€Å"†¦ I myself will bury him. It will be good to die, so going. I shall lie by his side, / loving him as he loved me; I shall be / a criminal but --- a religious one.† (80-5). Antigone did what she believed it was right and believed that her brother deserved to be buried with all honorable observances. On the other hand, there was one difference between Antigone’s character and her father’s character. Antigone tried to achieve what gods’ state, by burying her dead brother: Antigone talks to her sister Ismene about her decision to bury her dead brother, â€Å"if you like, / can cast dishonor on what the gods have honored† (88-9). In contrast, Oedipus’s strong hubris drove him to think that he can outsmart the gods when he tried to esc ape from his parents to his birth parents without him knowing the truth. In old Greek culture what Oedipus tried to do was a big mistake, but what Antigone didShow MoreRelatedOedipus The King And Antigone948 Words   |  4 Pageswill eludes us in works such as Oedipus the King and Antigone. Oedipus, Creon, Antigone, and Tiresias are characters in these epics whose lives represented the battle of truth and wisdom. Oedipus attempted to escape the prophecy in which he killed his own father and married his mother. He hastily discovered his past while trying to cure his city, and his efforts to change his fate fail when the prophecy is realized. His daughter Antigone wanted revenge after Oedipus’ death. Creon would not bury herRead MoreOedipus The King And Antigone1909 Words   |  8 Pagestragedies, Oedipus the King and Antigone. The plays are written in a series falling into the same setting. Oedipus and Creon both deal with being rulers in contrasting styles and we can see th eir true characteristics when stressful situations arise during their respective reigns. Oedipus is portrayed as a strong, yet fair ruler to his citizens. However, when Creon obtains power soon after, he embodies conflicting ideals and looks to serve his personal ego. Unlike Creon from Sophocles’ Antigone, OedipusRead MoreComparing Oedipus The King And Antigone1311 Words   |  6 Pagesanalyzing both Oedipus the King and Antigone, Oedipus and Antigone are very alike in ways. When reading these plays, the mind is wired to compare how the protagonists are alike, and contrast how they are different. Antigone and Oedipus are idolized by the people, but the legacy of Oedipus seems to have been altered due to the fact that he has experienced bad past family relationships; therefore as Gale explains, â€Å"Antigone hangs herself. Creon’s son Haemon, who was in love with Antigone, commits suicideRead MoreCorruption In Oedipus The King And Antigone988 Words   |  4 Pages I n Sophocles’ Oedipus The King and Antigone, Sophocles used two tragic stories to explore issues and themes involving that can be interpreted in several ways depending on the readers understanding of the play and the main theme in focus. From a personal view point, themes such as corruption, injustice, civil disobedience and power drunkenness were explored rampantly by Sophocles to further dramatize a story that conveys so much messages. The ancient Greeks are well recognized for gifting the modernRead MoreAntigone, By Sophocles, The King And Oedipus1465 Words   |  6 Pagesplays: Oedipus the King, Oedipus of Colonus and Antigone. Oedipus the King and Oedipus of Colonus were written in a very male-focused manner. Throughout these plays, Sophocles’ main characters and main plots are written around Oedipus, Creon, Polynices, Tiresias, Theseus and very few spotlight is given to the female figures such as Jocasta, Antigone, Ismene, and Euridice. After Oedipus the King and Oedipus Colonus, Antigone comes into play in a protagonist role. Sophocles’ play, Antigone, representsRead MoreAnalysis Of Oedipus The King And Antigone1170 Words   |  5 Pagesever- changing world. In civilizations such as Athens, women were looked down upon and this battle to leave behind tradition proved to be almost if not fatal. Sophocles Oedipus the King and Antigone exemplify three distinct female Athenian characters who appr oach this battle with different fronts. Through analysis of Ismene, Antigone and Jocasta’s distinct characters, the reader better understands how Sophocles uses a feminine voice to break away from the tradition discerned in Athenian life to advocateRead MoreComparison Of Oedipus The King And Antigone By Sophocles944 Words   |  4 PagesMany lessons can be learned from Sophocles plays Oedipus the King and Antigone. In Oedipus the King, Oedipus caused his fate to become real by running from it. He killed his father and made love to his mother even though he had no idea who they were he was still punished. He passed the punishment of his sins to the rest of his family when he gouged out his eyeballs and banished himself from the city. In Antigone Oedipus’s sons killed each other in battle over the throne and helped Creon take overRead MoreOedipus The King, Antigone, And Minority Report1364 Words   |  6 Pages Throughout the stories of Oedipus the King, Antigone, and Minority Report, there is a common theme of greatness beyond the scope of the individual story. Oedipus was the dedicated king of Thebes, whose predestined fate detailed failed attempts to outrun his destiny. His sacrifices were for the good of his city. Creon and Antigone battle throughout their story, yet ultimately showed that death and sorrow are fates that are bigger than the both of them. Finally, John Anderton fought to prove his ownRead MoreOedipus as King of Thebes: Antigone by Sophocles1380 Words   |  6 Pagesof pride is the centers piece of man’s perpetual role in his own destruction. This is illustrated by various characters’ such as Creon in Antigone by Sophocles, Oedipus in Oedipus the King by Sophocles and the Trojans in the Aeneid by Virgil. In the Antigone we see the consequence of one’s pride and desire for power take hold, when Creon decides to punish Antigone for disobeying the law off the land and proving Polynices with a burial. The disregard for any form of sympathy would eventually come toRead MoreLeadership in Beowulf, Oedipus the King, and Antigone1860 Words   |  8 Pageshardship of being a cop on a high-speed chase. Most importantly leaders can either be well-known or barely known. They all exemplify the same characteristics. The role of leadership is greatly portrayed in all three stories of Beowulf, Oedipus the King, and Antigone. Beowulf is a poem that was written in the Anglo-Saxon language that tells of Beowulf, a Geatish hero who fights the monster of Grendel, Grendels mother, and even a fire-breathing dragon. Beowulf fights with determination and follows

Analysis Of Tartuffe And Punishment By...

Throughout the times of the late 1600’s all the way up to the 1900’s, we have seen many ways how genders have been viewed towards the eyes of society. From taking care of their families to actually working, males and females had different gender statuses in the things they did and participated in. The different roles, perceptions and misperceptions that each gender role-played had a big influence in structuring a particular society and managing how things were being run. In the short play Tartuffe, by Jean-Baptiste Moliere and â€Å"Punishment†, by Rabindranath Tagore, we really see how males and females were distinguished; and how each of them were viewed, treated and played into a particular society. Orgon and Mariane from Jean-Baptiste Moliere and Dukhiram and Radha from Punishment are characters that played tremendous roles in their parts, which really showed the perception of the power of the man and the lack of respect a female had during those times. The s hort play Tartuffe is a play filled with lots of drama, which consists many arguments and disputes between the characters about many different scenarios. Gender Roles had a significant correlation between how the male and female characters were represented and viewed, especially Orgon and Mariane. By looking at the perceptions of each character you really see how both of them were viewed and represented during the times of the 1600’s. Mariane is the daughter of Orgon, who is a very nice girl that is looking to marry