Week 3 Individual Assignment Fin/419 - Finance for...

Week 3 Individual Assignments Finance for Decision Making FIN/419 January 30, 2012 Chapter 4: Problem 4-23 – Personal Finance Problem Funding your retirement - You plan to retire in exactly 20 years. Your goal is to create a fund that will allow you to receive $20,000 at the end of each year for the 30 years between retirement and death (a psychic told you would die exactly 30 years after you retire). You know that you will be able to earn 11% per year during the 30-year retirement period. a. How large a fund will you need when you retire in 20 years to provide the 30-year, $20,000 retirement annuity? $173,880 will be required to retire in 20 years to†¦show more content†¦Chapter 4: Problem 4-48 – Personal Finance Problem Monthly loan payments - Tim Smith is shopping for a used car. He has found one priced at $4,500. The dealer has told Tim that if he can come up with a down payment of $500, the dealer will finance the balance of the price at a 12% annual rate over 2 years (24 months). a. Assuming that Tim accepts the dealer’s offer, what will his monthly (end-of-month) payment amount be? PMT = $4,000(PVIFA12%, 24) PMT = $4,000 / 21.243 PMT = $188.28 b. Use a financial calculator or Equation 4.15a (found in footnote 9) to help you figure out what Tim’s monthly payment would be if the dealer were willing to finance the balance of the car price at a 9% annual rate. PMT = $4,000(PVIFA0.75%, 24) PMT = $4,000 / 21.889 PMT = $182.74 Chapter 6: Problem 6-15 – Personal Finance Problem Basic bond valuation - Complex Systems has an outstanding issue of $1,000-parvalue bonds with a 12% coupon interest rate. The issue pays interest annually and has 16 years remaining to its maturity date. a. If bonds of similar risk are currently earning a 10% rate of return, how much should the Complex Systems bond sell for today? Bo = I x (PVIFAkd%,n) + M x (PVIFkd%,n) Bo = 120 x (PVIFA10%,16) + M x (PVIF10%,16) Bo = $120 x (7.824) + $1,000 x (0.218) Bo =Show MoreRelatedFinance 419 Assignment for Week Two Individual Assignment.2005 Words   |  9 PagesFinance 419 assignment for week two individual assignment. Assignments from the Readings FIN/419 Assignments from theRead MoreManagement Control Systems as a Package13705 Words   |  55 PagesAccounting Research 19 (2008) 324–343 Operation of management control practices as a package—A case study on control system variety in a growth ï ¬ rm context Mikko Sandelin âˆâ€" Helsinki School of Economics, Department of Accounting and Finance, P.O. Box 1210, FIN-00101 Helsinki, Finland Abstract This empirical case study examines the operation of management control practices as a package in a growth ï ¬ rm context by paying particular attention to the couplings among cultural, personnel, action andRead MoreDeveloping Management Skills404131 Words   |  1617 Pages978-0-13-612100-8 1. Management—-Study and teaching. 2. Management—Problems, exercises, etc. Kim S. II. Title. HD30.4.W46 2011 658.40071 173—dc22 I. Cameron, 2009040522 10 9 8 7 6 5 4 3 2 ISBN 10: 0-13-612100-4 ISBN 13: 978-0-13-612100-8 B R I E F TA B L E O F C O N T E N T S Preface xvii Introduction 1 PART I 1 2 3 PERSONAL SKILLS 44 Developing Self-Awareness 45 Managing Personal Stress 105 Solving Problems Analytically and Creatively 167 PART II 4 5 6 7 INTERPERSONAL SKILLSRead MoreProject Managment Case Studies214937 Words   |  860 PagesISBN-13: 978-0-471-75167-0 (pbk.) ISBN-10: 0-471-75167-7 (pbk.) 1. Project management-Case studies. I. Title. Printed in the United States of America Contents Preface xi 1 PROJECT MANAGEMENT METHODOLOGIES 1 Lakes Automotive 3 Fems Healthcare, Inc. Clark Faucet Company 2 5 7 11 IMPLEMENTATION OF PROJECT MANAGEMENT Kombs Engineering 13 Williams Machine Tool Company 15 Wynn Computer Equipment (WCE) 17 The Reluctant Workers 20 Hyten Corporation 22 Macon, Inc. 35 ContinentalRead MoreManagement Course: Mba−10 General Management215330 Words   |  862 PagesCourse: MBA−10 General Management California College for Health Sciences MBA Program McGraw-Hill/Irwin abc McGraw−Hill Primis ISBN: 0−390−58539−4 Text: Effective Behavior in Organizations, Seventh Edition Cohen Harvard Business Review Finance Articles The Power of Management Capital Feigenbaum−Feigenbaum International Management, Sixth Edition Hodgetts−Luthans−Doh Contemporary Management, Fourth Edition Jones−George Driving Shareholder Value Morin−Jarrell Leadership, Fifth EditionRead MoreIfrs Compared to Us Gaap209956 Words   |  840 PagesGuidance/IFRS GAAP Comparisons/IFRS compared to U.S. GAAP The information contained herein is for internal and external use. IFRS compared to U.S. GAAP On the road to convergence About this publication Contents 1. Background 2. General issues 3. Statement of financial position 4. Specific items of profit or loss and comprehensive income 5. Special topics Appendix 1 - Abbreviations used for pronouncements Appendix 2 - IASB / FASB convergence projects Document 2 of 75 Source: International/Financial

Human Sexuality and Disability Free Essays

Article Summary Chandler, B. J. , Brown, S. We will write a custom essay sample on Human Sexuality and Disability or any similar topic only for you Order Now (1998). Sex and relationship dysfunction in neurological disability. Journal of Neurology Neurosurgery and Psychiatry, 65, 877-880. doi: 10. 1136/jnnp. 6 5. 6. 877 Researchers Chandler and Brown (1988) conducted a study to see the relationship between neurologically disabled individuals and their experienced sexual relationship problems. Primarily focused on dyadic relationships, this research further sheds light on service providing for affected individuals. A 6 months continuous study was conducted on 70 individuals who were either married, cohabiting or living alone at Hunters Moor Regional Rehabilitation Centre located in Newcastle upon Tyne. Multiple standardized tests to assess cognitive, sexual and psychiatric functioning including, sexual functioning, disability level and current relationship were used. The results showed a wide variety of diagnosis amongst individuals tested. Additionally indicated slightly more than half (51%) had experienced change in sexual functioning and almost a third (27%) of those were highly concerned about this change. Gender was highly associated with concern about sexual functioning, as men were much more concerned. The correlation between sexual dysfunction and duration of illness strongly predicted relationship dissatisfaction. Researchers also suggested that concern is a desire to seek help and so more than one in four required help for sexual dysfunction. The outcome of this study implied sexual dysfunction can predict difficulties within a relationship and the dyadic relationship is an important aspect in managing disability. Further suggesting services designed to address sexual health should also consider and integrate relationship issues when seeking solutions. Reflective Journal Introduction to topic: Human Sexuality and Disability Sexual health is an important aspect of all human beings. Dr. Mona (2011) noted disabled individuals may not fit into the typical category of what is sexually desirable in our society and can result in low sexual self esteem. Disability is a complex phenomenon, which has different aspects. Our group was curious and wanted to research on preconceived assumptions on Sexuality and Disability. The research dealt with physical disability (Injuries affecting mobility, Individuals with Cancer resulting in physical limitations etc. ) its relationship with sexual pleasure, expression and services provided for concerned individuals. The Travelling Tickle Trunk Shop. Research and collecting Informaiton Located within Edmonton made it easy to conduct research on this agency. Additionally the range and quality of services was accessible and welcoming to disabled individuals. The Methodology involved, contacting the owner Brenda Kerber through e-mail and phone to set up an interview. We personally contacted Brenda at the Tickle Trunk located on Whyte Avenue. During this period she willingly provided answers and useful information. More to this, we analyzed the store set up, services and policies to accommodate disabled customers. Perceptions and Personal Impact of this Research Brenda had stated the initial idea to set up this particular store being a customer request that she later researched into and established in 2008 (personal communication, Oct. 31, 2012), indicating a wide customer range. I have learnt the variety of customers is not limited to race, culture, age, physical ability or gender. I would always assume customers of sex stores being sex addicts or having some physiological difficulties during sexual intercourse. My assumptions essentially root from my culture. Sex is a reserved topic until marriage and is therefore associated with procreation. I am aware of the pleasurable aspects of sex and this research has broadened my viewpoint. Another major assumption was with regards to disabled customers being asexual and/or loosing total sense of feel in sexual organs completely. Dr. Tepper’s (2000) research helped publicize sexual oppression of disabled individuals and eliminated some of my assumptions enlightening me to the complex world of disability (acquired disability, mental illness, physical disability, prenatal disability etc). Disabled individuals at least here in North America are engaged in sexual activity and I would state are having better and creative sex. Major personal turning point of this research was knowing the multiple ways to enhance one’s sex life. Social impact and Applications of this research The Tickle Trunk, is a business that is very welcoming to all individuals. This can help curious couples experiment, aid new migrants better immerse in the western culture of Sexuality and for disabled individuals (visually, hearing) private parties are conducted to help explore sexuality. Brenda has helped many physically disabled/impaired and individuals with cancer better embrace their sexual lives. On a large scale, Alberta being noted for its conservative views and reserved sexual attitude. The open minded and supportive approach of The Tickle Trunk can help educate and promote satisfying healthy sex to the general Edmonton society. Personally aspiring to be in the Nursing field certain information might be applicable during patient treatment, diagnosis etc. Disability and motherhood, guidance for parenting and resources (O’toole, 2002) are other aspects of interest to me, from a career and female rights advocate perspective. Personal and Literature related experiences of the research Pleasure is an important affirmative of life regardless of physical disability. Another similarity was the variety of individuals. In the article age ranges from 16-64 were examined. Where as customers at the shop had much more variation. Journals are scientific papers, a few controlled variables and numerical associations to sexual expression/satisfaction was noted. Whereas visiting the store gave a more personal and opinionated view of considering disability and sexuality. Overall, the different sources aided in reaching a balanced perspective. Reference List Chandler, B. J. , Brown, S. (1998). Sex and relationship dysfunction in neurological disability. Journal of Neurology Neurosurgery and Psychiatry, 65, 877-880. doi: 10. 1136/jnnp. 6 5. 6. 877 Kerber, Brenda. (Owner, Educator–The Travelling Tickle Trunk), personal communication October 31, 2012. O’toole, C. J. (2002). Sex Disability And Motherhood: Access To Sexuality For Disabled Mother Dsiability studies Quarterly 22(4), 81-101. Retrieved from http://dsq-sds. org/article/view/374/495 Paget, L. (2011, June 8). Dr. Linda Monda Sex and Disability. TogiEntertainment, Inc. Lindale Texas, USA: Â © 2012 Toginet Radio. Retrieved from http://podbay. fm/show/415882898/e/1309935600? autostart=1 Tepper, M. S. (2000). Sexuality and Disability: The Missing Discourse of Pleasure. HumanScience Press. 18(4), 283-290. Retrieved from http://wmst419. drkissling. com/winter2011/wp-content/uploads/2010/12/Tepper2000. pdf How to cite Human Sexuality and Disability, Essay examples

Touch Wood By Rene Roth-Hano Touch Wood Is Based On The Authors Ow Ess

"Touch Wood" by Ren?e Roth-Hano ?Touch Wood? is based on the author?s own life when she was growing as a Jewish girl during the German invasion of France. In 1940, Ren?e and her family were living in Alsace, France, where nothing ever changed. No one expected anything unusual to happen. Then one day, a war with Germany is announced on the radio. The Germans wanted to annex Alsace and forced the Jews to leave. France was split into two zones- the Free Zone and the German occupied zone. Ren?e?s father chose for them to move to Paris, because it is a big city where he can find work, and also because Ren?e?s mother has childhood friends there. So, Ren?e, her parents, her two younger sisters, and their blind grandmother move into a crowded apartment in the German-occupied zone. Ren?e was disappointed in Paris when she arrived. She finds that everything seems to be smaller in Paris. Eventually, her new neighborhood becomes more of a home and helps Ren?e to miss Alsace a little less . Ren?e?s parents had left Poland and then Hungary to find a freer, better life. They settled in France and thought they?d be safe. Then Adolf Hitler, a German man who hated Jewish people, started trouble all over again. First, seven synagogues were blown up. Then, the Germans created a curfew prohibiting Jews to go during certain hours. Any Jew caught in the street after curfew would be taken as hostage. Also, all Jewish people must wear a Star of David on their shirts. An ordinance is created requiring all Jewish firms to be registered. Then the Jewish are forbidden to go to most public places, and they are only allowed an hour to grocery shop. Suddenly, their family?s Jewish neighbors are being taken away one by one. Ren?e?s family becomes fearful. At one point, they have to hide from the police. Ren?e?s parents decide to take action. They have friends who know Mother Superior. They send Ren?e and her sisters to a Catholic residence in Normandy until the war is over. Thei r father emphasizes for them not to tell anyone that they are Jewish. When they arrive in Normandy, they find a cozy bedroom, appetizing meals, and friendly people. Ren?e has to deal with a nosy housekeeper, who could possibly uncover their secret. Ren?e and her sisters love their new school, which is much more spacious and modern than the one in Paris. Ren?e?s main concern is confusion over her religious identity. They must convert to Catholicism to perfect their disguise. Their parents have given permission for Ren?e and her sisters to be baptized and to take their first communion. They decide to pray to the Catholic god to make the war end soon, to help the French and their Allies win the war, and to protect the Jews. Ren?e becomes worried when she hears about the bombing of Paris, but she was relieved to hear that her parents were not affected. Then thirty young girls come from Paris to live in the residency where Mother Superior feels they will enjoy the fresh air and w ill be able to eat better than they did in Paris. Ren?e?s life during the war was full of illnesses. First, her sisters and her suffer from scabies, a contagious disease that their doctor says he?s only seen in animals. When their mother comes to visit them, she must cut Ren?e?s hair because of the nits in it. Then Ren?e is sick in bed for a month with jaundice. It was a miracle that she recovered from it. Because her body wasn?t very resistant after recovering from jaundice, Ren?e became infected with impetigo. Somehow she managed to overcome all of her illnesses. In 1944, the wine market being used by the Germans to store ammunition is bombed by the Allies. The fire spreads to several surrounding houses. Then the residence where they are living is bombed. They must flee their home. A farmer volunteers for them to live in his barn until they are safe. German soldiers are very close to the barn, for they can hear the troops singing. The bombshells are coming from the Germans , who refuse to surrender, and

A Brief History of Manchuria

A Brief History of Manchuria Manchuria is the region of northeastern China that now covers the provinces of Heilongjiang, Jilin, and Liaoning. Some geographers also include northeastern Inner Mongolia, as well. Manchuria has a long history of conquering and being conquered by its southwestern neighbor, China. Naming Controversy The name Manchuria is controversial. It comes from a European adoption of the Japanese name Manshu, which the Japanese began to use in the nineteenth century. Imperial Japan wanted to pry that area free from Chinese influence. Eventually, in the early 20th century, Japan would annex the region outright.   The so-called Manchu people themselves, as well as the Chinese, did not use this term, and it is considered problematic, given its connections with Japanese imperialism. Chinese sources generally call it the Northeast or the Three Northeast Provinces. Historically, it is also known as Guandong, meaning east of the pass. Nonetheless, Manchuria is still considered to be the standard name for northeastern China in the English language.   The Manchu People Manchuria is the traditional land of the Manchu  (formerly called the Jurchen), the Xianbei (Mongols), and the  Khitan  peoples. It also has long-standing populations of Korean and Hui Muslim people.  Ã¢â‚¬â€¹In total, the Chinese central government recognizes 50 ethnic minority groups in Manchuria.  Today, it is home to more than 107 million people; however, the vast majority of them are ethnic Han Chinese. During the late Qing Dynasty (19th and early 20th centuries), the ethnic-Manchu Qing emperors encouraged their Han Chinese subjects to settle the area that was the Manchu homeland. They took this surprising step to counter Russian expansionism in the region. The mass migration of Han Chinese is called the  Chuang Guandong, or the venture into the east of the pass. Manchuria's History The first empire to unite nearly all of Manchuria was the Liao Dynasty (907 - 1125 CE). The Great Liao is also known as the Khitan Empire, which took advantage of the collapse of Tang China to spread its territory into China proper, as well. The Manchuria-based Khitan Empire was powerful enough to demand and receive tribute from Song China and also from the Goryeo Kingdom in Korea. Another Liao tributary people, the Jurchen, overthrew the Liao Dynasty in 1125 and formed the Jin Dynasty. The Jin would go on to rule much of northern China and Mongolia from 1115 to 1234 CE. They were conquered by the rising Mongol Empire under Genghis Khan. After the Mongols Yuan Dynasty in China fell in 1368, a new ethnic Han Chinese dynasty arose called the Ming. The Ming were able to assert control over Manchuria and forced the Jurchens and other local people to pay tribute to them. However, when unrest broke out in the late Ming era, the emperors invited Jurchen/Manchu mercenaries to fight in the civil war.  Instead of defending the Ming, the Manchus conquered all of China in 1644. Their new empire, ruled by the Qing Dynasty, would be the last Imperial Chinese Dynasty  and lasted until 1911. After the fall of the Qing Dynasty, Manchuria was conquered by the Japanese, who renamed it Manchukuo. It was a puppet empire, headed by the former Last Emperor of China, Puyi. Japan launched its invasion of China proper from Manchukuo; it would hold on to Manchuria until the end of World War II. When the Chinese Civil War ended in a victory for the communists in 1949, the new Peoples Republic of China took control of Manchuria. It has remained a part of China ever since.

Radiocarbon Dating - Reliable but Misunderstood

Radiocarbon Dating - Reliable but Misunderstood Radiocarbon dating is one of the best known archaeological dating techniques available to scientists, and the many people in the general public have at least heard of it. But there are many misconceptions about how radiocarbon works and how reliable a technique it is. Radiocarbon dating was invented in the 1950s by the American chemist Willard F. Libby and a few of his students at the University of Chicago: in 1960, he won a Nobel Prize in Chemistry for the invention. It was the first absolute scientific method ever invented: that is to say, the technique was the first to allow a researcher to determine how long ago an organic object died, whether it is in context or not. Shy of a date stamp on an object, it is still the best and most accurate of dating techniques devised. How Does Radiocarbon Work? All living things exchange the gas Carbon 14 (C14) with the atmosphere around them- animals and plants exchange Carbon 14 with the atmosphere, fish and corals exchange carbon with dissolved C14 in the water. Throughout the life of an animal or plant, the amount of C14 is perfectly balanced with that of its surroundings. When an organism dies, that equilibrium is broken. The C14 in a dead organism slowly decays at a known rate: its half life. The half-life of an isotope like C14 is the time it takes for half of it to decay away: in C14, every 5,730 years, half of it is gone. So, if you measure the amount of C14 in a dead organism, you can figure out how long ago it stopped exchanging carbon with its atmosphere. Given relatively pristine circumstances, a radiocarbon lab can measure the amount of radiocarbon accurately in a dead organism for as long as 50,000 years ago; after that, theres not enough C14 left to measure. Tree Rings and Radiocarbon There is a problem, however. Carbon in the atmosphere fluctuates with the strength of earths magnetic field and solar activity. You have to know what the atmospheric carbon level (the radiocarbon reservoir) was like at the time of an organisms death, in order to be able to calculate how much time has passed since the organism died. What you need is a ruler, a reliable map to the reservoir: in other words, an organic set of objects that you can securely pin a date on, measure its C14 content and thus establish the baseline reservoir in a given year. Fortunately, we do have an organic object that tracks carbon in the atmosphere on a yearly basis: tree rings. Trees maintain carbon 14 equilibrium in their growth rings- and trees produce a ring for every year they are alive. Although we dont have any 50,000-year-old trees, we do have overlapping tree ring sets back to 12,594 years. So, in other words, we have a pretty solid way to calibrate raw radiocarbon dates for the most recent 12,594 years of our planets past. But before that, only fragmentary data is available, making it very difficult to definitively date anything older than 13,000 years. Reliable estimates are possible, but with large /- factors. The Search for Calibrations As you might imagine, scientists have been attempting to discover other organic objects that can be dated securely steadily since Libbys discovery. Other organic data sets examined have included varves (layers in sedimentary rock which were laid down annually and contain organic materials, deep ocean corals, speleothems (cave deposits), and volcanic tephras; but there are problems with each of these methods. Cave deposits and varves have the potential to include old soil carbon, and there are as-yet unresolved issues with fluctuating amounts of C14 in ocean corals. Beginning in the 1990s, a coalition of researchers led by Paula J. Reimer of the CHRONO Centre for Climate, the Environment and Chronology, at Queens University Belfast, began building an extensive dataset and calibration tool that they first called CALIB. Since that time, CALIB, now renamed IntCal, has been refined several timesas of this writing (January 2017), the program is now called IntCal13. IntCal combines and reinforces data from tree-rings, ice-cores, tephra, corals, and speleothems to come up with a significantly improved calibration set for c14 dates between 12,000 and 50,000 years ago. The latest curves were ratified at the 21st International Radiocarbon Conference in July of 2012. Lake Suigetsu, Japan Within the last few years, a new potential source for further refining radiocarbon curves is Lake Suigetsu in Japan. Lake Suigetsus annually formed sediments hold detailed information about environmental changes over the past 50,000 years, which radiocarbon specialist PJ Reimer believes will be as good as, and perhaps better than, samples cores from the Greenland Ice Sheet. Researchers Bronk-Ramsay et al. report 808 AMS dates based on sediment varves measured by three different radiocarbon laboratories. The dates and corresponding environmental changes promise to make direct correlations between other key climate records, allowing researchers such as Reimer to finely calibrate radiocarbon dates between 12,500 to the practical limit of c14 dating of 52,800. Constants and Limits Reimer and colleagues point out that IntCal13 is just the latest in calibration sets, and further refinements are to be expected. For example, in IntCal09s calibration, they discovered evidence that during the Younger Dryas (12,550-12,900 cal BP), there was a shutdown or at least a steep reduction of the North Atlantic Deep Water formation, which was surely a reflection of climate change; they had to throw out data for that period from the North Atlantic and use a different dataset. We should see some interesting results in the very near future. Sources and Further Information Bronk Ramsey C, Staff RA, Bryant CL, Brock F, Kitagawa H, Van der Plicht J, Schlolaut G, Marshall MH, Brauer A, Lamb HF et al. 2012. A complete terrestrial radiocarbon record for 11.2 to 52.8 kyr B.P. Science 338:370-374.Reimer PJ. 2012. Atmospheric science. Refining the radiocarbon time scale. Science 338(6105):337-338.Reimer PJ, Bard E, Bayliss A, Beck JW, Blackwell PG, Bronk Ramsey C, Buck CE, Cheng H, Edwards RL, Friedrich M et al. . 2013. IntCal13 and Marine13 Radiocarbon Age Calibration Curves 0–50,000 Years cal BP. Radiocarbon 55(4):1869–1887.Reimer P, Baillie M, Bard E, Bayliss A, Beck J, Blackwell PG, Bronk Ramsey C, Buck C, Burr G, Edwards R et al. 2009. IntCal09 and Marine09 radiocarbon age calibration curves, 0-50,000 years cal BP. Radiocarbon 51(4):1111-1150.Stuiver M, and Reimer PJ. 1993. Extended C14 data base and revised Calib 3.0 c14 age calibration program. Radiocarbon 35(1):215-230.

Two topics for two different papers, Broken Windows & Prison Essay

Two topics for two different papers, Broken Windows & Prison - Essay Example But however factual reports and research show that the broken window theory could definitely have an impact in crime reduction and it can be taken as a foundation for other crime reduction strategies. The other article by Wilson and Kelling brings to light the role of foot patrolling officers in helping public regain confidence on law and order. A disorderly place, not necessarily a place where crime occurs per se, becomes an area of fear especially for people living in and around the place. Foot patrolling officers in the earlier days helped remove this fear among the public through order-maintenance. However, in the following years police have been burdened with the additional role of law-enforcement, as a result of which they are forced to abide by certain rules. This has not helped them in achieving their primary duty of order maintenance. According to the authors, one effective alternative to this developing situation could be citizen patrolling. Good examples of which include c ommunity watchmen and setting up of vigilante groups. Despite the efforts by the general public, the patrolling effect of a policeman can be hard to achieve. Thus the article stresses that men in duty should be encouraged to do their extra bit in order to achieve communal harmony. The article ‘The Prison- Industrial Complex’ by Eric Schlosser throws light about the prison system in the United States. The US now has the distinction of holding more citizens in prison than any other country in the world. And a majority of the prison inmates is constituted by non-violent offenders. This has lead to the prison being viewed as an industrial complex, with more prisons being built to house more people. These prisons home a wide variety of criminals, law offenders, even those who are mentally ill, and with respect to their race about half the inmates in the US prisons are African-Americans, and the number of women inmates have

Direct Vs. Indirect Taxation Research Paper Example | Topics and Well Written Essays - 2000 words

Direct Vs. Indirect Taxation - Research Paper Example In order to assess our argument it would be important for us to know the difference between direct and indirect taxation.   Direct taxes are those taxes that are levied on one’s income. They are calculated annually and a certain percentage is levied on the earnings of a person. Similarly, indirect taxes or not levied on the people’s income. Instead, indirect taxes are paid on the purchase of goods and services. They are paid whenever a purchase is made. They are included in the selling price of a good and service and hence a person cannot escape indirect taxes since he is paying not only the price of the good or service, but also the portion of a tax. Hence it is unavoidable and is paid by everyone irrespective of his earning. (McConnell)We can use the above definitions to classify the federal income tax and federal sales tax into one of the two classes of taxation. This would help us in determining which is more useful in terms of revenue for the government and welfa re of the society. Since we know that federal income tax is levied on people’s income and is calculated annually, we can classify it as a direct tax. This means that it is levied on the person’s income. It is a progressive tax where the rich person pays a higher amount than a person who is earning lesser than that person. On the other hand, federal sales tax is levied on the purchase of goods and services. People pay this type of tax only when they buy or sell something. It is not charged on the person’s income and it is a regressive tax meaning.... Hence it is unavoidable and is paid by everyone irrespective of his earning. (McConnell) We can use the above definitions to classify the federal income tax and federal sales tax into one of the two classes of taxation. This would help us in determining which is more useful in terms of revenue for the government and welfare of the society. Since we know that federal income tax is levied on people’s income and is calculated annually, we can classify it as a direct tax. This means that it is levied on the person’s income. It is a progressive tax where the rich person pays a higher amount than a person who is earning lesser than that person. On the other hand, federal sales tax is levied on the purchase of goods and services. People pay this type of tax only when they buy or sell something. It is not charged on the person’s income and it is a regressive tax meaning that both rich and poor pay equal amount of tax if the selling price of a good is same for their purch ases. In other words, we can differentiate between these two types of taxes by using mathematic equation. Income tax is charged on one’s income. It is a percentage of one’s income. Let’s suppose that the prevalent income tax rate in the United States of America is 20%. The calculation of taxes for the income will be the following: Income Tax = Annual Income * 0.25 Similarly, in case of an indirect tax such as federal sales tax, the calculation for the income tax will be the following: Tax = Selling Price of Commodity * Percentage of the Tax These two equations tell us that federal sales tax has nothing to do with the income of a person. It is calculated just by looking at the value of the purchase that the person is