Musical Instruments Speech Essay

The Chinese philosopher Confucius said long ago that â€Å"Music produces a kind of pleasure which human nature cannot do without. † Being able to play any musical instrument is extremely satisfying. This includes everyone from the person who has mastered her instrument right down to the beginner who knows only a few chords. I personally believe that if there’s one thing you should learn in your lifetime, it’s how to play an instrument. Learning to play a musical instrument offers a lot of benefits and can bring joy to you and to everyone around you.. Here the four most important benefits of playing instruments: The first benefits, is that playing a musical instrument makes you smarter. Playing an instrument helps the mind to be alert and remain active eventually helping to sharpen the memory. Learning an instrument requires you to learn about tones and scores which increase your ability to store audio information. According to an article from The Telegraph online magazine, â€Å"New research suggests that regularly playing an instrument changes the shape and power of the brain and may be used in therapy to improve cognitive skills. There is continually more evidence that musicians have organizationally and functionally different brains compared to non-musicians, especially in the areas of the brain used in processing and playing music. These parts of the brain that control motor skills, hearing, storing audio information and memory become larger and more active when a person learns how to play an instrument and can apparently improve day to day actions such as being alert, planning and emotional perception. And according to Lutz Jancke, a psychologist at the University of Zurich, said: â€Å"Learning to play a musical instrument has definite benefits and can increase IQ by seven points, in both children and adults. † For children especially we found that learning to play the piano for instance teaches them to be more self-disciplined, more attentive and better at planning. All of these things are very important for academic performance, so can therefore make a child brighter. The second benefits, is that playing a musical instruments relieves stress. Playing any instrument can actually help release the endorphins in your body, which will also result in reduced levels of stress Playing music naturally can soothe not only others, but the musician as well, not only the actual sound of the instrument, but also the release of creativity and emotion, as well as the simple vibration of an instrument against a player’s body can significantly lower a musician’s stress level.. The study’s principal investigator, Barry Bittman, M. D. f the Mind-Body Wellness Center in Meadville, PA, says these unique findings not only shed new light on the value of active music participation, but also extend our understanding of individualized human biological stress responses on an unprecedented level. Most people would be very surprised at just how easily their stress and problems can be forgotten while playing their instrument on a quiet evening. There are no pressures or expectations while playing. This creates a perfect environment for relieving stress, along with the joy and relaxation of listening to your own musical creations. The third benefits, is that playing musical instruments enhances an individual’s ability to recognize emotion in sound. The musicians had a heightened response to the complex portion of the sound, where the frequency rapidly changes. When the musicians heard the simple sections of the sound they had lower responses. Musicians showed enhanced responses to the most acoustically complex portion of the stimulus and decreased activity to the more periodic, less complex portion. the musicians conserve neural resources while processing simpler sounds (economy) and deploy them to more thoroughly respond to complex sounds (enhancement). The study found that the more years of musical training and the earlier the age in which the musical studies began, the more enhanced their nervous systems were to process emotion in sound. Historically, it has been thought that the auditory brainstem is fixed, that information flows through without changing any of the circuits. According to Kraus’ research shows that it is not only trainable, but more malleable than previously thought. Scientists know that emotion is carried less by the linguistic meanings of words than by the way the sound is communicated. Kraus’ work reveals that brain changes involved in playing a musical instrument enhance one’s ability to detect subtle emotional cues in conversation. And last most important benefits of playing instruments, is that playing a musical instrument is fun. Everybody enjoys hearing music, but the people who make the music have the most fun. Once you get better playing your chosen musical instrument, you will be able to demonstrate what you have been learn to your families and friends that gives you fun and enjoyment. The songwriter Bob Dylan has written numerous well-known songs using only a few chords. There is nothing like the feeling of suddenly walking into a room and playing a song you just learned or wrote for a friend. You don’t have to be Beethoven to appreciate the benefits. And it is nothing but fun to sit down with a couple of friends and play and sing a song. In this camaraderie there is an endless amount of discovery and laughs to be had. The sound you’re making rises and falls, singing in the voice of the instrument. But it’s not really the instrument that’s making those great sounds—it’s you! It’s fun, even when you play by yourself. Playing in a group is even better because other players are sharing the fun. There’s no way to have all that fun than for you to be the person who is playing the music! As you can see, playing a musical instrument has many benefits and hopefully that will motivate you to keep on practicing and always hold music in high esteem. Whenever you come across challenges as a musician, think about the end results and always remind yourself of all the great reasons you love to play. I’ll leave you with an inspiring quote by jazz saxophonist and composer Charlie Parker who once said, â€Å"Music is your own experience, your thoughts, your wisdom. If you don’t live it, it won’t come out of your horn. †

About Boosie

It was notorious for drugs and violence, a place feared by the general population. Boosie grew up with his mom and dad who nicknamed him after the '70s funk legend, Bootsy Collins. Although being raised by both of his parents was a rarity in his neighborhood, Boosie still struggled with dysfunction inside and outside of his home. Around the time he was starting high school, Boosie decided to come clean on wax about some of the trouble he was getting into, â€Å"l started rapping on tracks whenI was like 14 or 15, I was rapping before that but I Just didn't let anybody know 'cause I thought I wasn't good enough. † At fourteen years old, Boosie moved in to live with his grandmother after his father was murdered in drug-related activity. [2] Boosie became very involved in basketball to stay off the streets while attending high school and was actually expected to move on to college level basketball, but his involvement with drugs got him expelled from school. After being expelled from school, Boosie became serious about his music.Consequently, Boosie's residency in Baton Rouge, hich lacked a music scene, disadvantaged him from creating a diverse set of contacts and subsequently a lack of exposure. A mutual friend of Boosie and local rapper, C-Loc, introduced the two and before Boosie knew it, he was recording his homemade raps in a professional studio. Lil Boosie Mobile Desktop Content is available under CC BY-SA 3. 0 unless otherwise noted. Terms of use Privacy Search Wikipedia Lil Boosie Birth name Torrence Hatch Born November 14, 1982 (age 31) Origin Baton Rouge, Louisiana, U. S.Genres Southern hip hop Occupations Rapper Years active 998-present Labels Trill, Asylum, Bad Azz Entertainment, WMG Associated acts C- Loc, Pimp C, Webbie, Foxx, LoLa Monroe, Trae Tha Truth, C-Murder Website BoosieJustice. com Torrence Hatch (born November 14, 1982), better known by his stage name Lil Boosie, is an American rapper from Baton Rouge, Louisiana. [1] Hatch was bestow ed the nickname Boosie by his family, and he was raised in southside Baton Rouge. He is currently serving time in the Louisiana State Penitentiary (Angola); Hatch was sentenced to eight years after pleading guilty to drug charges.I was like 14 or 5, I was rapping betore that but I Just didn't let anybody know 'cause homemade raps in a professional studio. [3] 1998-2001 : Camp Life & Youngest of tha Camp Boosie became serious about his music, deciding to become a professional rapper. Lil Boosie teamed up with Baton Rouge rapper C-Loc in the late 1990s. He started off as the youngest member of the Concentration Camp at the age of only 14. Boosie Joined the Concentration Camp group in 1998, after the release of the group's second studio album Concentration Camp II: Da Halocaust. He worked with rapper C-Loc and theCamp ; made his debut on C-Loc's fifth album, It's a Gamble in 2000 under his old alias Boosie and Concentration Camp third studio album Camp Ill : Thug Brothas in 2000. Soon after, he released Youngest Of Da Camp, his debut album in 2000 on Camp Life Entertainment. The album spread like wildfire, and was widely known in Baton Rouge. At the time of this album's recording, Boosie was only 17 years old. The album production was mostly handled by Happy Perez. The album featured C-Loc, Max Minelli & Donkey and more. After the incarceration, Boosie once again turned back to the streets.Ultimately, his behavior led to him also being incarcerated. The album sold 13, 000 units. 2001-2003: Trill Entertainment & For MY Thugz At this point, Boosie felt as though he was a failure. However, fate lent Boosie a hand, and Boosie had an opportunity to Join an up-and-coming record label called Trill Entertainment which was backed by its CEO the late Pimp C of IJGK in 2001. Trill signed Boosie and assisted him in bringing his legal issues to an end. Soon after, Trill independently released his debut album For My Thugz as his new alias Lil Boosie in 2002. 1] This release we nt on to sell over 15,000 copies. As of 2013, the album has sold 90,000 copies, according to Trill Entertainment. The album features Pimp C, Young Bleed, Webbie and more. 2003-2005: Ghetto Stories, Gangsta Muzik & Warner Bros. Later in the summer of 2003, Pimp C teamed up Booste to co-star with one of his label-mates, Webbie, on the album Ghetto Stories. The album also went on to sell well over 15,000 copies. As of 2013, the album has sold 120,000 units. In 2004, Lil ie & Webbie released T II Azz Mixtape & Trill Azz Mixes II. They treestyled over the hottest songs of 2004.Boosie paired up again with Webbie, to release their econd compilation album, Gangsta Musik. This is what really gained him popularity. According to Trill, the album sold 320,000 copies. Boosie's talent was now undeniable, and he caught the eye of some Universal Music Group representatives. In 2004 Lil Boosie ; South Coast Coalition released Both Sides of the Track. January 1, 2005 Boosie teamed up with Lava House Records to release United We Stand, Divided We Fall. He also released Street Code with Pat Lowrenzo. In 2005, Lil Boosie release Bad Ass (Advance) to promote Bad Azz. In late January 2005, Boosie signed a deal withWarner Bros. Records. [2] 2006-2008: Bad Azz ; Survival of the Fittest In early 2006 Trill release Bad Ass Mixtape Vol. l as a follow up to (Bad Ass Advance). In 2006, Boosie's major label debut album Bad Azz was released. [1] It contained the single â€Å"Zoom† featuring Yung Joc. A Bad Azz DVD followed where the rapper explained the death of his father due to drugs and his fght against diabetes. Late in the year, the Streetz Iz Mine mixtape appeared in cooperation with DJ Drama. In 2007 Lil Boosie release Bad Azz Mixtapes Vol. 2. In 2007, Boosie & Webbie was on the remix f â€Å"Wipe Me Down† by rapper Foxx.It was put on the Trill Entertainment compilation album Survival of the Fittest, which was released in 2007. In 2008 Boosie release Da Beginning Mixtape . At Lil Boosie 4th Of July Bash party he past out his new mixtape 4th Of July Bash. December 2008 Lil Boosie release Lil Boosie Presents: Da Click which feature Da Click consist of Hatch Boy, Locco, Quick & Sleek. It also popularized Lil Boosie's career as well. In 2008, Lil Boosie was featured on the single â€Å"Independent† by Webbie and was among several rappers to be featured on â€Å"Out Here Grindin† by DJ Khaled. 09: Superbad: The Return of Boosie Bad Azz ; Bad Azz Entertainment In 2009 Boosie released The Return Of Mr. Wipe Me Down as a promotion mixtape to his second major album. In 2009, Lil Boosie released the follow up to Lil Boosie Presents: Da Click called Da Click: â€Å"Street Kingz. In 2009, Lil Boosie released his second major album Superbad: The Return of Boosie Bad Azz. The first single from the album, â€Å"Better Believe It†, featured Webbie and Young Jeezy. There were promotional music videos from the album such as â€Å"I'm a Dog† & â€Å"Loose as a Goose†. Also in 2009, Lil Boosie had presented his debut label Bad Azz Entertainment.Lil Boosie released Thug Passion on his Bad Azz Entertainment label in 2009. Lil Boosie release Category 7: Bad Azz Hurricane with Hurricane Chris and Untouchable with LoLa Monroe. Lil Boosie also released The 25th Hours mixtape which on the interlude he speak on his prison term. 2010: Incarcerated In 2010 Lil Booste & C-Loc his former CEO release Unbreakable as a Compilation CD. ie nas announced while ne is still in prison on charges ot murder and conspiracy, and potentially facing the death penalty, he wants to move forward with his hip hop career. Boosie released his fourth studio album, Incarcerated, onSeptember 28 on Asylum Records. According to MTV News, the project is almost entirely produced by B. J. , although Mouse on Tha Track did some work on it as well. Webbie, Foxx and Lil Trill are among the featured guests. [4] Lil Boosie released Gone Til' December in 20 10, which is a mixtape album consisting of new music. Bad Azz Entertainment released ShouldVe Been My Beatz. Lil Boosie released 22504 with B. G.. In 2011 Quick release Hit After Hit 3 with Lil Boosie. In 2012 My Brother's Keeeper was released with Money Bagz & Quick. Also Under Investigation was released as a free ownload with Ray Vicks. 013-present: TBA In January 2013 Lil Booste spoke on his prison sentence and said, On September 13, 2013 it was reported that, Judges related to his case agreed to return Lil Boosie, his hard drives and his computers. The equipment contains a lot of music he had recorded before going to Jail, which could result in new music from him prior to his release. Jeff Weiss, who covered Boosie's trial for Rolling Stone, also reported that Boosie's attorneys believe that he will be released within the next five months. [5] Read in another language Last modified 13 hours agoEarly life Music career † â€Å"I have about 500 songs at the moment. I feel th at I'm making the best music I've ever made. The more I go through in life the better my music gets and it's been crazy the last three years. I keep my music heartfelt and stick to making real music. I wouldn't even say it's Hip Hop music. My music is ‘reality rap. ‘ Hip Hop music can make you dance and bob your head, but it can't make you cry or touch your heart like reality rap†.

Acca F6

Taxation (Malaysia) Monday 1 December 2008 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Tax rates and allowances are on pages 2–3. Do NOT open this paper until instructed by the supervisor. During reading and planning time only the question paper may be annotated. You must NOT write in your answer booklet until instructed by the supervisor. This question paper must not be removed from the examination hall. The Association of Chartered Certified Accountants Paper F6 (MYS) Fundamentals Level – Skills Module 8D–MYSTT Paper F6MYS SUPPLEMENTARY INSTRUCTIONS . 2. 3. Calculations and workings should be made to the nearest RM. All apportionments should be made to the nearest whole month. All workings should be shown. TAX RATES AND ALLOWANCES The following tax rates, allowances and values are to be used in answering the questions. Income tax rates Resident individual Chargeable income Band Cumulati ve RM RM 2,500 2,500 2,500 5,000 15,000 20,000 15,000 35,000 15,000 50,000 20,000 70,000 30,000 100,000 150,000 250,000 Excess Tax payable Rate Cumulative % RM 10 0 11 25 13 475 17 1,525 13 3,475 19 7,275 24 14,475 27 54,975 28 Resident company Paid up ordinary share capitalFirst RM500,000 20% 26% RM2,500,000 or less More than RM2,500,000 Non-resident Company Individual Excess over RM500,000 26% 26% 26% 28% Personal deductions Self Self – additional if disabled Spouse Spouse – additional if disabled Child – basic rate Child – higher rate Disabled child Life insurance premiums and approved scheme contributions Medical expenses for parents Medical expenses for serious disease of self, spouse or child, including up to RM500 for medical examination Basic supporting equipment for self, spouse, child or parent if disabled Educational and medical insurance for self, spouse or childStudy course fees for skills or qualifications Purchase of a personal computer Pur chase of books, magazines etc for personal use Purchase of sports equipment Deposit for a child into the National Education Savings Scheme 2 maximum maximum RM 8,000 6,000 3,000 3,500 1,000 4,000 5,000 6,000 5,000 maximum maximum maximum maximum maximum maximum maximum maximum 5,000 5,000 3,000 5,000 3,000 1,000 300 3,000 8D–MYSTT Paper F6MYS Rebates Individual with chargeable income not exceeding RM35,000 Basic rate Rate for an individual entitled to a deduction for a spouse or a former wife RM 350 700Value of benefits in kind Car and fuel scale Cost of car (when new) RM Up to 50,000 50,001 to 75,000 75,001 to 100,000 100,001 to 150,000 150,001 to 200,000 200,001 to 250,000 250,001 to 350,000 350,001 to 500,000 500,001 and above Prescribed annual value of private usage of car RM 1,200 2,400 3,600 5,000 7,000 9,000 15,000 21,250 25,000 Fuel per annum RM 600 900 1,200 1,500 1,800 2,100 2,400 2,700 3,000 The value of the car benefit equal to half the prescribed annual value (ab ove) is taken if the car provided is more than five (5) years old, but the value of fuel provided remains unchanged.Household furnishings, apparatus and appliances RM per month Semi-furnished with furniture in the lounge, dining room, or bedroom 70 Semi-furnished with furniture as above plus air-conditioners, and/or curtains and carpets 140 Fully furnished premises 280 Domestic help 400 Gardener 300 Driver 600 Telephone (fixed or mobile): RM per annum 300 300 Hardware Bills Capital allowances Industrial buildings Plant and machinery – general Motor vehicles, heavy machinery Computers, information technology equipment and computer software Office equipment, furniture and fittings Initial Rate % 10 20 20 20 20 Annual Rate % 14 20 40 10 Sales tax and service tax rates Rate % 10 5 Sales tax Service tax 3 [P. T. O. 8D–MYSPA Paper F6MYS 8D–MYSAA Paper F6MYS ALL FIVE questions are compulsory and MUST be attempted 1 James and Carol are husband and wife. James is disable d. The income and expenses of James and Carol for the year ended 31 December 2008 are expected to be as follows: RM James Employment – Salary 35,000 Carol Partnership business – Statutory income Employment – Salary Travelling allowance 4,350 16,600 3,000 James incurred expenses as follows: Donation to an approved institution Contributions to Employees Provident FundMedical examination for self Medical expenses for his father Fees for his part-time course in Islamic financing at a university in Kuala Lumpur, recognised by the Government Carol incurred expenses as follows: Contributions to Employees Provident Fund Medical expense on cancer treatment for herself Medical expenses for her mother Basic supporting equipment for her disabled father Travelling expenses incurred in the course of her work 2,600 3,850 400 1,300 1,100 2,156 2,700 900 3,600 4,000 Required: (a) Compute the couple’s tax payable for the year of assessment 2008 under joint assessment: (i) ssuming that James made the election; and (ii) assuming that Carol made the election. (12 marks) (12 marks) Notes: (1) You should use two columns, one each for (i) and (ii) above. (2) You should indicate, by using the word ‘nil’, any expense item that does not qualify for personal relief. (3) Marks will be awarded for the use of accurate technical terms to describe the figures comprising the stages in the computation of chargeable income. (b) (i) Based on your tax computations in part (a), state which spouse should make the election for joint assessment and why. (1 mark) ii) Analyse, quantify and summarise the tax saving resulting from making the election you have specified in (i) above over the alternative election. (5 marks) (30 marks) 4 This is a blank page Question 2 begins on page 6 5 [P. T. O. 8D–MYSAB Paper F6MYS 2 Beauty Sdn Bhd, a resident company with a paid up ordinary share capital of RM2 million, is engaged in the manufacture of cosmetic products. Th e company’s profit and loss account for the year ended 31 October 2008 is as follows: Note RM000’s 1 2 3 4 4 5 6 2,300 388 461 700 7 (2) 164 618 (177) 66 2,675 –––––– Sales Cost of sales Gross profitLess: Remuneration Contributions to approved schemes Entertainment Royalty Penalty for late payment of withholding tax on royalty Gain on disposal of a van Repairs and maintenance Depreciation Bad debt recovery Lease rentals Advertising 7 8 RM000’s 27,800 (11,200) –––––––– 16,600 (7,200) –––––––– 9,400 –––––––– Profit before taxation Notes: (1) Remuneration includes: RM 114,000 400,000 Salaries of disabled employees Entertainment allowance to senior management (2) Contributions to approved schemes comprise: RM 276,000 112,000 ––––â⠂¬â€œÃ¢â‚¬â€œÃ¢â‚¬â€œÃ¢â‚¬â€œ 388,000 –––––––– Employees Provident Fund Beauty Sdn Bhd schemeThe company contributes 12% to the Employees Provident Fund for all employees and an additional 8% to the Beauty Sdn Bhd scheme in respect of the remuneration of RM1,000,000 and the entertainment allowance of RM400,000 paid to senior management executives. (3) Entertainment includes the cost of launching new products amounting to RM38,000. (4) A royalty amounting to RM630,000 net of the 10% withholding tax was paid to a non-resident on 15 September 2008, in respect of the new products. The amount of the withholding tax and the related penalty remain unpaid. (5) Gain on disposal of a vanA van was disposed of in August 2008 for RM36,000. The van had been purchased in December 2005 for RM65,000. (6) Repairs and maintenance includes costs of renovation to the company’s office building amounting to RM58,000. The reason for this expend iture was to provide a safe workplace for disabled workers. (7) The bad debt recovery is in respect of a trade debt taken over from another company carrying on the same business, three years ago. (8) Lease rentals are in respect of a motor vehicle costing in excess of RM150,000. The lease rentals commenced on 1 December 2007 at RM6,000 per month for a period of 30 months. 8D–MYSAB Paper F6MYS (9) Other information (i) A sum of RM60,000 was incurred on alterations to the company’s factory building, in order to install general machinery costing RM340,000. (ii) A sum of RM810,000 was incurred on cutting the land in order to prepare a site to install heavy machinery costing RM190,000. (iii) For the year of assessment 2008, capital allowances for plant and machinery will amount to RM849,000 and industrial building allowances to RM295,000, excluding any allowances or adjustments attributable to the capital expenditure referred to in (i) and (ii) above.Required: (a) Compute t he tax payable by Beauty Sdn Bhd for the year of assessment 2008. Note: your computation should start with the profit before taxation figure and follow the descriptions used in the notes to the profit and loss account, indicating ‘nil’ in the appropriate column for any item that does not require adjustment. (18 marks) (b) Explain your treatment of the items stated below: (i) (ii) (iii) (iv) (v) approved schemes (note 2); disposal of a van (note 5); renovations to the office building (note 6); lease rentals (note 8); and he expenditure incurred in respect of the heavy machinery and its installation (note 9 (ii)). (7 marks) (25 marks) 7 [P. T. O. 8D–MYSAC Paper F6MYS 3 Freshgreen Sdn Bhd is in the business of cultivating vegetables. The adjusted income of the company for the year ended 30 June 2008, before taking into account the following, amounted to RM563,000. The information given below relates to the business activities of the company during the financial year s 2007 and 2008: Date July 2006 July 2006 July 2006 September 2006 Expenditure Cost of land Construction of: – roads and bridges farm house for business (note 1) – living quarters for workers Cost of lorry (note 2) Cost of general machinery RM 350,000 34,000 38,000 72,000 64,000 87,000 Notes: (1) The farm is situated in a remote area, thus the buildings on the farm have no value other than for the working of the farm. (2) The lorry was bought under a hire purchase agreement. The company made an initial payment of RM18,000 in July 2006. The balance was paid over a period of 23 months at RM2,200 per month, inclusive of interest of RM200 per month. The instalment payments commenced on 1 August 2006.In July 2007 the company carried out planting of crops and incurred RM19,000 on clearing land and RM161,000 on fertiliser and seedlings. In January 2008 the company carried out replanting of crops and incurred the following expenses: RM 22,000 115,000 7,000 Clearing land Fertil iser and seedlings Labour In March 2008 Freshgreen Sdn Bhd disposed of the following assets on which agriculture allowance had been claimed in the previous years: Assets Store Living quarters for employees Date of construction 1 January 2005 6 August 2005 Cost RM 25,000 60,000The store and the living quarters were disposed of for RM10,000 and RM35,000 respectively. Required: (a) Compute the agriculture allowance and capital allowance under Schedule 3, Income Tax Act, that can be claimed by Freshgreen Sdn Bhd for the year of assessment 2008. (10 marks) (b) Compute the statutory income of Freshgreen Sdn Bhd for the year of assessment 2008. (7 marks) (c) Compute the agriculture charge on the basis that Freshgreen Sdn Bhd made an election to spread the charge, under para 27, Schedule 3, Income Tax Act, clearly indicating the years of assessment affected. 3 marks) Note: the rates of agriculture allowance are as follows: Rate 50% 50% 50% 20% 10% Clearing and preparing land Planting of cro ps Construction of roads and bridges on a farm Construction of living quarters for workers Construction of buildings (20 marks) 8 8D–MYSAD Paper F6MYS 4 (a) (i) For the year of assessment 2008 Cik Lee has income from three sources: employment, business and the rental of property. Required: State, with explanations, the provisions of the law applicable to Cik Lee in respect of the payment of tax for the year of assessment 2008. (3 marks) ii) Encik Koon is expected to have the following income for the year of assessment 2008: RM 180,000 130,000 310,000 10,000 300,000 57,500 Statutory income from employment Statutory income from a partnership business Aggregate income Approved donations Total income Tax payable For the year of assessment 2008, in addition to the tax deducted from his remuneration under the Schedular Tax Deduction (STD) system, Encik Koon paid tax instalments amounting to RM12,000, as per his application to the Director General of Inland Revenue, to vary the amou nt of his payment.Required: Compute the penalty, if any, resulting from the application by Encik Koon to vary the instalment amounts. (6 marks) (b) Encik Smith is employed as a service director of a company and his salary is RM180,000 per annum. Encik Smith is provided with unfurnished living accommodation for which the company pays rent amounting to RM60,000 per annum. Encik Smith is not provided with a company car but he has been given the option of: (i) a driver provided by the company; or (ii) the reimbursement of the driver’s salary amounting to RM15,600 per annum. Required:State, with explanations and supporting calculations, which of the above options Encik Smith should choose from a tax perspective. (6 marks) (15 marks) 9 [P. T. O. 8D–MYSAA Paper F6MYS 5 (a) Chongdart Sdn Bhd is a licensed manufacturer in the business of making computer tables. The company’s records for the period from 1 July to 31 August 2008 show the following: Sale of 1,200 tables at RM40 each excluding sales tax, of which 900 were sold to customers in Malaysia and 300 were exported to China. Purchase of the following raw materials and component parts: Castors for table legs including sales taxLocks for drawers, imported from Thailand Rollers for pull-out shelf and drawers, purchased from Heng Sdn Bhd, a licensed manufacturer Paint for painted finish undertaken by a subcontractor RM 3,000 2,300 6,400 5,100 None of the above items are exempt from sales tax. Chongdart Sdn Bhd obtained the approval of the Director General of Customs and Excise for the import of the locks from Thailand and the purchase of the rollers from Heng Sdn Bhd. The subcontractor was exempt from licensing in view of the fact that its annual sales turnover does not exceed RM20,000. The appropriate rate of refund under the credit system is 8%.Required: State the particulars which Chongdart Sdn Bhd must disclose in the sales tax return, Form CJP No. 1, for the taxable period 1 July to 31 August 2008, together with the due date of payment of the tax to the Director General of Customs and Excise. (5 marks) (b) AB Sdn Bhd, a firm of licensed surveyors, issued an invoice to Buildup Sdn Bhd, on 4 March 2007, for surveying work amounting to RM15,000, disbursements amounting to RM950 and the service tax payable. In April 2007 Buildup Sdn Bhd paid a sum of RM10,400 for the full amount of the disbursements and 60% of the fees, including the service tax thereon.The balance outstanding was written off as a bad debt by AB Sdn Bhd in November 2008, when Buildup Sdn Bhd went into compulsory liquidation. Required: (i) State the amount of the service tax payable by AB Sdn Bhd in respect of the above invoice, together with the due date(s) for payment of the tax to the Director General of Customs and Excise. (3 marks) (ii) Compute the amount of the service tax that AB Sdn Bhd can recover from the Director General of Customs and Excise in due course, in respect of the bad debt written off. ( 2 marks) (10 marks) End of Question Paper 10

How Economic events occur around us every day, and aims to provide Assignment

How Economic events occur around us every day, and aims to provide association between what you learn from economic models and concepts in class with real-life events happening around you - Assignment Example unfortunate that politicians and Ideologues on both sides of the spectrum are majorly interested in quick fixes rather that the actual ground work of fixing the nation’s economy. During the past few years, the economy of the United States of America has faced major challenges. As the nation’s economy continue to spatter, research and studies have identified multiples areas that is really deteriorating the American Economy. The sum total of the federal government taxes currently stands at 18 percent of the GDP. The local and state taxes have however increased substantially over this period. The total taxes from all the sources are a round 34 percent which is higher that 26 percent in the mid-50s, but slightly lower than 36 percent reached over the past 15 years. Over year the years most developed countries have lowered their corporate taxes leaving the United State of America to be among the developed countries that still has high rate of corporate taxation (Michael, 2012). This measure discourages investment in the country, which in turn reduces wages and holds production. America business faces serious challenges in taxes. Most market in the American Economy fall between demand and supply extremes and the incidence of taxation is shared by both the consumer and producer in proportional that varies. Most American population, who are majority of consumers pay more tax than producers thus resulting into a general high taxation. The e area paid by paid by the consumer corresponds to the general change in equilibrium price. The remainder of the price which is the difference between cost of production and the new price of that commodity, is paid by the producer. The internal revenue service estimated that in 2002 the United States of America Tax gap was 345 billion. The tax gap is the difference between the amount actually collected and the amount of tax legally owed by the government. In 2006 the tax gap was estimated to be about $450 billion. Two years later it

How can social policy eradicate child poverty Essay

How can social policy eradicate child poverty - Essay Example eople have different thoughts on who is responsible for tackling the issue of child poverty; although the entire burden of blame would be on the government, families, communities and organizations, - all who have to play the biggest role since they face and handle the problem often. Referring to the UNICEF, child poverty is expressed â€Å"as the deprivation of a range of both material and social supports and services that it considers to be essential to ensure children’s well-being† (Minujin, et al., 2006, p. 485). Helping the children escape poverty has to occur early in life when a problem is discovered, so that rectification takes place. By assisting the children, their future is secured; but also their families and the entire community’s lives benefit from the process. The power to prevent child poverty is within human reach making it possible to formulate social policies, which are action oriented through use of both economic and non economic resources, in equal redistribution as a way of improving the child welfare. Through the government, social policies are delivered through the enactment and reforms of law. The administration comes up with programs and initiatives just like community organizations to benefit the child welfare, by improving their economic and social state. The social policies help to protect the child and uphold their fundamental rights, which may entail helping the children or the young individuals directly or providing extensive support to their families. Children are sensitive beings who do not have the power to vote, or form petition authorities to foster programs that could defend their right. Whether being born in poverty or suffering from it during the childhood, the social policies provide rescue plans if not reducing the impact it causes in their lives. Some of the social policies are government pensions, welfare to the poor, health care, food stamps, unemployment benefits, affordable housing initiatives, educational

2.What is the democratic peace theory What are its strengths and Essay

2.What is the democratic peace theory What are its strengths and weaknesses - Essay Example The empirical association between peace and democracy has been challenged and debated since the inception of this theory to the current times. Statistically, the likelihood of democracies going into war is considered to be very low (Art and Jervis, 2005: 256). This theory not only challenges the existence and validity of other systems of politics such as communism and fascism, but also challenges the prevailing international relations realist view, which emphasizes that common strategic interests and calculations of balance of power are what explain stability and peace which characterizes liberal democracies relations (Baylis, Smith and Owens, 2010: 424). It is no doubt that DPT is a fundamental aspect in understanding international relation and politics. Therefore, this essay will focus on understanding DPT in detail, as well as focus on its advantages and disadvantages. The proponents of DPT have offered several explanations regarding the assertion that democracies rarely or never go to war with each other. Some of these explanations include: democracies often peaceful conflict resolution norms that they employ in external relations; democracies relate and trade heavily with other democracies and war will be very costly and of little or no gain at all; democracies are made up of democratic institutions like powerful legislations and competitive elections which may prohibit governments from going to war; and democratic leaders are answerable to voters for issues such as war and therefore they have an incentive to find alternatives (Art and Jervis, 2005: 257). Fundamentally, there are four main explanations for the democratic peace theory: structural, monadic, dyadic, and normative explanations. The structural explanation holds that it is the representative government institutions which hold decision makers and elected officials accountable to a wide electorate, which make a war to be

Discussion Topics for Management Course - United States Essay

Discussion Topics for Management Course - United States - Essay Example In this case, employees feel motivated and increase their dedication business practices, something that enhances its chances of success and quality outcomes. It is important for business executives to understand that risk and uncertainty are not actually similar. Uncertainty often concerns possible results and outcomes, which are not known to the business managers. On the other hand, risks can be described as certain kinds of uncertainties that involve actual probabilities of loss for various outcomes (Ferrell & Fraedrich, 2005). In this case, it is evident that situations involving risks can be accounted for easily as compared to those involving uncertainties. The process of making decisions based on risky conditions has to seek, where possible to provide a definite identification of risks, quantifying and absorbing them. In this case, business executives have to understand that the quantity of a risk is often equivalent to the total of all the probabilities relating to the particular risky outcome, alongside the expected loss from the outcome. From the foregone discussion it is evident that business managers are better placed to account for the management outcomes that are made under risky situations that those involving certainties. One of the most important aspects of a business’ management decision-making process is accounting for the outcomes. Accountability, in this case is needed in the process of making assessments and evaluations, which are important in the growth and development stages of the business (Ferrell & Fraedrich, 2005). Business managers are expected to avoid uncertainty situations in the business, this is because, they often lead to many losses in the management process. Risky situations can often bring positive outcomes depending on the effectiveness of the decisions made in the business. This is the reason why business managers that make effective decisions over