Give a brief explanation for answer.
1. a. Reducing the amount of income which is subject to taxation. The reduction abides by the law and the reason behind it will be one which is in accordance with the law.
b. It includes the amount of income given as a gift to the educational institutions for achieving their purpose which includes teaching, research and other similar activities. This amount is deducted from the income and only rest of the income is taxable.
c. If the medical expenses fall under the category of qualified medical expenses for tax deduction and if it exceeds 7.5% of the adjusted total income, then that much amount is eligible for tax deduction.
d. The owners of the property are liable to pay taxes to the state government and the local government in accordance with the value of the property. The owner can claim the money paid as taxes to be deducted from the income tax. The deduction cannot be availed on taxes paid on rental property.
Give a brief explanation for answer. co oo Give a brief rationale (i. e., an explanation...
I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this paper and some conclusions and contributes of this paper. I need this for my Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS PLEASE !!!) Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...