Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Law & Ethics Expert

Problem1. Ranjiv earns an annual salary of Rs520, 000 comprising the end of the year bonus payable in December (that is, he earns Rs40, 000 per month). He enjoys the benefit of company car of 1450 cc used by him partly for performing duties of his employment and partly for private purposes. All the car running costs are met fully by the employer. Ranjiv is also eligible for additional bonus of Rs 70,000 for the year to31 December 2009 paid to him on 31 May 2010. Ranjiv submitted a fresh employee’s declaration form (or EDF) to his employer at the commencement of May 2010 as he got married in that month with Indira, a full time student of University of Technology, Mauritius (UTM). Ranjiv is planning to leave his employment soon and set up his own consultancy business. But, he doesn’t have a good knowledge of taxation and would like to know whether there is any fundamental differentiation between the income taxation of a self-employed person and that of an employee.

Required:

problem 1:  Evaluate how much tax has been withheld from Ranjiv’s salary in:

i) April 2010;

ii) May 2010;

iii) June 2010; and

iv) July 2010.

problem 2: Make a concise report for Ranjiv listing the main differentiations existing between the taxation of a self-employed and that of an employee.

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
  • Reference No.:- M94547

Have any Question? 


Related Questions in Business Law & Ethics

Discussion response - 250 to 300 words to the message below

Discussion response - 250 to 300 words to the message below with your initial response including cited information from the text, readings, and other course related information to support your response. What is organizat ...

Assignment assault battery and crimes against personsreview

Assignment: Assault, Battery, and Crimes against Persons Review the following scenario in order to complete this assignment: (A) is walking alone late at night when a man suddenly jumps in front of her and drags her into ...

Prepare a 3 page paper which details the differing

Prepare a 3 page paper which details the differing responsibilities of both federal and state law enforcement agencies seeking to ensure border safety. ADDRESS: (1) Have border security issues and law enforcement goals c ...

Answer each question with 300 word minimum-criminal justice

Answer each question with 300 word minimum-Criminal Justice. Reply to each question with 300 word minimum. 1. How would you encourage and/or facilitate communication between yourself as a first-line supervisor and your s ...

Assignment business ethicswatch john q new line cinema 2002

Assignment Business Ethics Watch John Q. (New Line Cinema, 2002, 112 minutes) - Answer the following questions in as much detail as possible. Include references to characters and situations in the movie as necessary. (Su ...

Ethics papers -write a 1400- to 1750-word paper in which

Ethics papers - Write a 1,400- to 1,750-word paper in which you analyze the relationship between ethics and professional behavior in the administration of criminal justice. Explain the role of critical thinking with rega ...

Question 1 on what basis does the government allow some

QUESTION 1: On what basis does the government allow some people to be paid sub-minimum wages and others not? Why not allow anyone who has difficulty getting work or is unemployable to work at sub-minimum wages? What abou ...

Question 1 the seller can recover the purchase price for

Question 1 The seller can recover the purchase price for the goods only under certain circumstances, including when: The buyer accepts, but fails to pay for the goods. The goods are destroyed after risk of loss passes to ...

1 distinguish between deontology skepticism and

1. Distinguish between deontology, skepticism, and utilitarianism as approaches to making decisions. 2. Which of these three ethical philosophies comes closest to the official ethical guidelines expressed by federal regu ...

A 30 pages long double space talk about the inter american

A 30 pages long double space talk about "the Inter American Court of Human Right" and "Commission". It must be written in an easy language. I have 8 pages talk about the Commission.

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro