What is the zakat due in case of watering without cost?

Assignment Question(s):(15.0 Marks) Each Questions Carries 5 Marks) A Zakat giver has an agricultural production at a market value of SAR 300,000. The zakat giver has no accounting books to count the actual production expenses. Assume the zakat receptacle reached the Nisab. Required: What is the zakat due in case of watering without cost? What […]

If a client of yours does not wish to report information on their tax return that you feel should be reported, how would you handle the situation?

Tax preparers often have a difference of opinion with their clients as to how some transactions should be treated on a tax return. If a client of yours does not wish to report information on their tax return that you feel should be reported, how would you handle the situation? Use the Bible as one […]

Identify Items that are not Income under US income tax law. ?

Q1. Explain formula for individual’s income tax and business entities. Q2. Arrange relative tax liability by filing status from lowest to highest? Q3.  Contrast concepts of Income from accounting , economic and tax perspectives.( use your own words )   Q4.  Identify Items that are not Income under US income tax law. ?  

Evaluate the use of the tax to address the economic problem.How could the tax be implemented

Must Include: – Identify in the Introduction the country about which your report is written. – What is the Economic problem – An explanation of how your proposed tax would operate – An evaluation of the proposed tax – How could the tax be implemented – Evaluate the use of the tax to address the […]

Discuss how you think the recently implemented corporate tax rate reduction would impact your capital structure decisions.

Topic: Include a justified assessment of how you think the recently implemented corporate tax rate reduction would impact your capital structure decisions. Paper details: END-OF-SEMESTER ASSIGNMENT Read the following 4 Economist articles (attached) (i) ‘Debt is Good for You’ (dated 01/25/2001) (ii)‘Debtors’ Prison’ (dated 02/09/2009), which discuss the reasons for corporations’ increased use of debt […]

How might the before and after tax costs of debt affect the debt decision? How might the decision be considered in an environment where capital availability is limited? What factors should be considered in making a capital investment in an environment of risk and uncertainty?Explain

Description Assessment brief Scenario Having recently graduated you are employed as a trainee accountant in the finance department of a large organisation. The Director of Finance has asked for a report considering asset investment decisions and capital rationing: the company is considering a major capital investment decision, a replacement of its fleet vehicles and the […]

What are the personal income tax considerations for the individual employee once payments commence under each plan?

Consider defined-benefit retirement plans and defined-contribution retirement plans and document the primary characteristics of each. Specifically, contrast the responsibilities of the employer in administering each plan. Consider the following questions: Which plan is more risky for an employer? Which plan is more risky for an individual employee? Which provides the individual employee with more resources […]