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You are required to choose a current taxation ruling about a specific concept/issue that we address in this unit ACC00717. Your ruling must be different to other students.
Using the ruling you have selected, you must make a 750 word post to the Discussion Board (titled"Online Posts"). This post must include the following; · The number and title of your ruling (in the thread/subject heading)
· A summary of the ruling (in your words, not copied)
· A statement about which area of the tax law the ruling applies to (i.e. which concept/issue studied in ACC00717)
· An example of how the ruling operates or applies to individuals or small business taxpayers only
· An explanation of the importance and relevance of the ruling to the specific concept/issue
Determine taxable income before considering expense.
Prepare a tax research memo to the file that addresses the issues you feel are most relevant to Mimi's various issures.
Explain what is meant by income by ordinary concepts
Identify the tax issues that are raised and the relevant sections of the legislation. Identify any cases and other sources of law or information that apply.
Calculate Carolines taxable income
Show the tax issues that are raised and the relevant sections of the legislation.
Brief statement in your own words of the facts of the cases.
Prepare the C Regular Corporation Tax Return for the Lawson And Norman Enterprise
Advise the participants in the ‘barter' system of the income tax implications, if any, of participating in the system.
Discuss- A tax on cigarettes is a good way of raising tax revenue for the government
Prepare the required journal entry to record the tax expense
Calculate Barb's taxable income? What nonrefundable credit is Barb eligible for based on the information you have?
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