Search results for: “low income”
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Family Allowances
Introduction to Family AllowancesFamily Allowances, financial payments made by governments to parents to subsidize the cost of raising children. In many countries, family allowances are designed to increase populations by offering financial incentives to parents who have large families. The…
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Capital Consumption Allowance
The entry, in national income accounting, that represents the aggregate consumption of capital equipment and facilities, i.e., depreciation incurred by the nation's business sector, as well as the aggregate of business casualty losses to plant and equipment during the reporting period….
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Income Statement
The Income Statement The traditional activity-oriented financial statement issued by business enterprises is the income statement. Read about income statement herePrepared for a well-defined time interval, such as three months or one year, this statement summarizes the enterprise’s revenues, expenses, gains, and losses. Revenues are transactions that represent the inflow of assets as a result…
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Should Trusts file income tax returns to the IRS?
Should Trusts file income tax returns to the IRS? Trusts must file a Form 1041, U.S. Income Tax Return for Estates and Trusts, for each taxable year where the trust has $600 in income or the trust has a non-resident alien as a beneficiary. However, if the trust is classified as a grantor trust, it…
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Developing Nations
Concept of Developing Nations An introductory definition of Developing Nations is provided here: A term used to refer to nation states whose economic and political structures are not well developed, in relation to the wealthier, industrialized world. Developing nations have low income levels […]
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Working Poor
Resources See Also Poverty Cost of Living Income Minimum Wage Standard of living
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Working Poor
Resources See Also Poverty Cost of Living Income Minimum Wage Standard of living
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Labour Force
Labour Force (in the Human Development Area) In this context, Labour Force means: _ll people employed (including people above a specified age who, during the reference period, were in paid employment, at work, self-employed or with a job but not at work) and unemployed (including people above […]
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Pay
Hierarchical Display of Pay Employment And Working Conditions > Personnel management and staff remuneration > Remuneration of workBusiness And Competition > Accounting > Management accounting > Costing > Wage costFinance > Taxation > Tax on income > Tax on employment […]
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Pay
Hierarchical Display of Pay Employment And Working Conditions > Personnel management and staff remuneration > Remuneration of workBusiness And Competition > Accounting > Management accounting > Costing > Wage costFinance > Taxation > Tax on income > Tax on employment […]
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Balanced Growth
National economic growth, as measured by an increase in the popular standard of living, achieved by the coordination of three factors: (1) reduction in dependence upon raw materials production as the primary source of national income; (2) intensification of manufacturing, especially in the area of c…