Per capita income

Archibold, C. R. (2006, March 4). Ex-Congressman Gets 8-Year Term in Bribery Case. New York Times. Retrieved from http://www.nytimes.com/2006/03/04/politics/04cunningham.html Associated Press. (2006, March 4). Ex-congressman begins prison sentence. NBC NEWS. Retrieved from http://www.nbcnews.com/id/11655893/ns/us_news-crime_and_courts/t/ex-congressman-begins-prison-sentence/#.Vm2tY7-bbFk Bachrach, J. (2006, July 31). Washington Babylon. Vanity Fair. Retireved from…

For my wild and precious life I strive to become a Certified Financial Officer (CFO) of a globally renowned music recording company known as Universal Music Group (UMG). The recorded music business discovers and develops recording artists and then markets and promotes their music across a wide array of formats and platforms. UMG is comprised of artists across many genres and they currently have over 50 music labels locally and internationally. Music has always been a passion of mine, and what…

For this tax research assignment the “12-month rule” in the accrual basis of accounting is applicable to this problem. The “12-month rule” states that taxpayers are not required to capitalize an expense if it is paid or incurred to create a right or benefit that does not extend beyond the earlier of 12 months after the first date of the right or benefit or the end of the tax year following the tax year in which the expense was paid or incurred. Basically if you have paid or incurred an expense…

From the birth of a child to the sale of a business, there are a number of life events that can impact your federal and state tax returns. With more than 20 years of experience, Cheryl Hawkins Tax and Accounting in Jordan, MN specializes in comprehensive reviews of unique tax situations and recommending adjustments to benefit the tax filer. One of the reasons why it’s important to have a periodical tax return review is to determine if family and employment additions or subtractions are…

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It is necessary to perform financial analyses on all types of organizations to ensure successful operations. There is a great need for accountability in government organizations because their activities are accountable to their constituents. “Rising cost and declining revenues have hampered the financial affairs of state governments, forcing many to curtail services, reduce employee benefits, and trim the workforce, calling into question the fiscal sustainability of many state governments”…

accessible college is for future college students who cannot afford it. Clinton’s position on college access for people whose families have lower incomes is very popular with many college students. According to CNN money, “Her proposal includes tuition-free enrollment in public, in-state colleges and universities for families of four making up to $85,000. The income benchmark would increase over four years to $125,000 -- covering about 80% of U.S. families” (Merica and Bradner). If Clinton…

Internal control is money related administration rehearsing that are deliberately used to avoid abuse and misappropriation of benefits, for example, happen through robbery or theft (Weikart, 2013). Interior controls are for the most part depicted in composed strategies that portray the techniques that the charitable will take after, and additionally who is dependable. The objective of inward controls is to make business hones that fill in as "governing rules" on staff (and now and then board…

capital gain in the hand of assessee? Law:  Section 6 of the Income Tax Law defines the assessable income. According to it, assessable income of the taxpayer for the relevant income year means the aggregate of ordinary income and taxable statutory income.  S104 of the Income Tax Act provides that the assessee must include in his/her assessable income the net amount generated by way of sale of capital asset held by him/her during the income year under consideration.  According to 102-20, the…

convention among several others. Prudence The prudence convention states that caution should be exercised when making professional judgements in accounting estimates. Prudence requires the accountant to exercise caution in their estimates so that income and or asset prices are not overstated and also that expenses are not underestimated. There is a danger that management in an organisation…