Filing Jointly Financing phase 5 IP Final Essay

Filing Jointly Financing phase 5 IP Final - Essay Example It is only applicable for first and second home, not for afterwards. The tax benefit from this deduction is that if one is paying interest on loans which are secured by their residence as principal, then the person can deduct this expense from the taxable income. 3. Student Loan Interest Deduction: student loan deduction covers the interest expense of the loans that have been taking to be only used for attainment of education. If your income and interest payments meet the conditions set in the deduction form, then you are able to deduct the expense form your income, thus saving a certain amount of taxes. 1. Child Credit: child credit reduces the tax liability of a person if he/she is supporting a child, and the person's income and other requirements as given in the child credit form are fulfilled. The child credit can make the tax liability zero or can even result in payment if the income tax is less than the child credit refund (known as additional child tax credit). The tax advantage for this system is that it works to increase your net income through refund gained. 2. Earned Income Credit: earned income credit is for those families who have low gross incomes (lower than a certain limit), and with a high number of dependents. If a family meets the requirements of this credit, than its tax liability can be reduced to zero, or can even result in a payment to the family if the tax refund s larger than the income tax (known as advanced earned income tax credit). This system also increases your net income. 3. Hope Scholarship Credit: hope credit can be claimed by an individual for the first two years of college education. The requirements that the person or any other person (for which the taxpayer is responsible) is at least a half time student at an eligible educational institution. This credit is taken on only tuition fees and any other college requirement fees (registration fees, lab fees etc.). Books and supplies are not included. This tax credit also increases the net income of the person who is paying for the education (tax information for individuals, 2009). Difference between a Tax Credit and a Tax Deduction A tax deduction has the primary purpose of reducing a taxpayer's income tax. For certain itemized item, a taxpayer is allowed to deduct the expenses from its gross income. This can only be done if the requirements of deductions as stated by the Internal Revenue Service of USA are met. The effect of deducting the expenses from the gross income is that the net income is calculated to be mush smaller than it actually is. This allows for smaller amount of income tax to be paid by the taxpayer. Thus the amount of taxes is reduced. Some examples of tax deduction are medical deduction, home interest deduction, dental deduction etc. As opposed to tax deduction, a tax credit does not reduce the net income. Rather, it works in two ways. One, it reduces the tax liability on certain items by recognizing a part of the payment already made as tax payment due. Two, it recognizes certain items as such on which the taxpayer is refunded, if the requirement of tax credit are met by the taxpayer. If the income tax is greater than the tax

Indentured Servitude Essay Example | Topics and Well Written Essays - 1750 words

Indentured Servitude - Essay Example The indenture document detailed the specific number of years a servant was required to work, after which they would earn freedom1. Not all servants were willingly sent. There were several cases of kidnapping, especially with the white slaves. In the 17th century, about two thirds of the New World settlers from the Isles of British came as indentured servants. Due to the high rates if death, several servants never lived to see freedom in the end of their terms. In early 19th century and late 18th century, many Europeans did travel to the colonies as the redemptioners, which is a form of indenture (Galenson 1984). Indentures had various restrictions. For example, indentures were not allowed to marry or get married without permission from their owner. They were subjected to physical punishment, and their labor obligations were enforced by courts. The law even lengthened the term of women indentures in case they became pregnant. However, contrary to the slaves, servants were given a guarantee that they would be set free from bondage after their terms elapse. At the end of their term, servants received freedom dues payment and joined the free members of the society. In fact, one could sell or buy indentures contract of servants as well as their right to labor, but not the person per se as a property. Both female and male servants could be at any given point be subjected to violence, sometimes resulting to their death. Generally, indentured servitude was a mechanism of having the number of colonists increased, particularly in the British and English colonies2. Convict labor and voluntary migratio n provided many people, and other means of offering settlement was inevitable because the journey across the Atlantic was somehow dangerous. In the end, contract laborers became a significant group of people and very many that saw the United States Constitution count them in the appointment of representatives (Rosenbloom 2008). Indentured servitude, from 1620s, was a

Aspects of Japanese uniqueness (history, culture, economics, etc) Essay

Aspects of Japanese uniqueness (history, culture, economics, etc) - Essay Example The major changes include the increased participation of women in paid work, the reduction of family size and the replacement of rural with urban lifestyles. The prosperity of Japan covers the discrimination and the unequal wealth distribution, which is channeled at some Groups. This paper will explore the uniqueness of Japan, including its culture, historical events and the country’s economics. One aspect of Japan’s unique history and economics can be traced to the introduction of many reforms, primarily by the Americans. One of the crucial areas of the reform agenda was that of women’s rights, where men and women were declared equals, followed by the women suffrage of 1946 and the promotion of education for women.2 Examples of the changes emanating from the reforms included the formation of 26 women’s universities, as well as the employment of 2,000 female police officials. In 1947, there was the passage of the equal pay policy. These policy changes and the reforms that emanated from them made the reconstruction of the Japanese economy and its production facilities faster than those of other countries that were left behind in the area.3 For example, instead of depending on the labor input of men to rebuild its infrastructure and to grow the national economy, Japan relied on the input of its male and female populations: the huge laborforce enabled it t o advance faster than other national economies. The unique historical changes of Japan and its economy can also be traced to the reduction of family size, which became evident during the 1950s, following a change of attitudes towards the family system and marriage.4 The changes included getting into marriage late, working prior to marriage, and giving birth to fewer children, so that they can remain actively involved in employment among other lines of productivity. The reduction in the size of the family – where many of the marriages are arranged and the women are

Labor Market in Gulf Countries

Labor Market in Gulf Countries India Steps Up Pressure for Minimum Wage for Its Workers in the Gulf The Labor Market in Gulf Countries This section of the report is about the labor market in the Gulf countries and how it is affected with changes in the labor policies by the governments of GCC countries. The GCC consists of six Arab countries including all Arab states of the Persian Gulf, Bahrain, Oman, Qatar, Kuwait, Saudi Arabia, and the United Arab Emirates. The labor market is growing with the rapid growth of the economies of GCC countries. The governments of GCC countries prefer their national to be part of their organizations because of their higher education, and the nationals are also attracted towards the government sector of GCC countries because of the higher wages and generous benefits, job security, early retirement with pension and many other benefits associated with the government jobs. However, the labor market of GCC countries also contains a significant portion of expatriate workers, therefore the private sector heavily rely on the working on expatriate workers and the expatriate labor work also att racted towards the private sector because of the jobs that are available on fixed terms, the contracts of the jobs are specific and they are under the sponsorship of nationals. The labor migration to Gulf countries is considered to be of vast importance. The factors related to its importance are the relatively larger size of the Gulf countries and better economic conditions prevailing there. According to the recent reports, foreign workers especially from South Asia and Philippines make up around 90 percent or more of the private sector in all GCC countries except Saudi Arabia. Moreover, the rate of increasing population and the birth rate of foreign citizens in the Gulf countries also among other factors of increasing labor migration in Gulf countries. An individual labor law for every country in GCC is designed in accordance with international labor laws and standards, conventions and recommendations of International Labor Organization that aim to eliminate unfair labor practices and equal treatment of laborers regarding to the nationality, social status or religious belief. This is also because of the Global Economic Crises which cause the working class of South Asian countries to be affected badly, as a result many of the workers were not paid and most of the foreigner laborers had to leave the country and they put Gulf countries on the priority because of the high economic level and better wages rates than the European countries. Gulf countries recent policies and regulations on the protection of rights emphasize on the regulation on the labor market and boost national man power in private sector, by keeping the balance in working relationships at work place, increasing the labor protection and safeguarding the employeesâ€℠¢ interests at all. The above figure shows the supply and demand of labor market in the Gulf countries. It has shown that the labor market of the Gulf countries is effecting accordingly to the number of workers or workforce present there. If the supply of the workforce is increasing in Gulf countries because of the rising migration workers in Gulf countries, the demand is also increasing because of the increasing effect of the economies of Gulf countries, and the demand is also increasing because of their high expertise and high education in their relevant fields. According to the reports issued by the World Bank, there is various numbers of factors that have been contributed to the situation of youth employment situation in the Gulf countries. If considering the supply side, a demographic wave has increased the share of young people in the population because of the migration youth individuals to the Gulf countries has resulted the labor supply pressures. And if the demand size of the labor market is considered, young people in the labor markets of Gulf countries widespread with structural distortions. And the fact is that the public and private sector of GCC continues to attract young people towards themselves, with higher wage and benefit packages and better job security. Labor Market in India This section of the report considers the level of labor force and labor market in the economy of India. The India is considered to be the second largest country in the population growth after china and according to the reports of 2012, the labor workers who were working in India were 487 million, and 90 % of these workers were working in unorganized and unincorporated companies, while only 10 % of them are working in the organized private, state owned enterprises and government sectors. In local terms, the organized sector or formal sector are described as the sectors in India related to licensed organizations that are registered and pay income tax, and sales tax etc. These organizations of India include the publicly traded companies, corporations, factories, incorporated or formally registered entities, shopping malls, hotels, and large businesses. Unorganized sector, also known as informal sector or own account enterprises, refers to all unlicensed, self-employed or unregistered ec onomic activity such as owner manned general stores, handicrafts and handloom workers, rural traders, farmers, etc. If the labor market of India is to be seen, the matter of the fact is that there are two broad groups of migrant laborers working in India one group of migrant laborers is that who migrates to Gulf countries and overseas in order to work temporarily, and another group is that one who migrates on a seasonal and work available basis. According to the latest reports, the migrant workers who are Indian-origin laborers are about 4 million in number who are migrant workers in the Middle East and Gulf countries alone. They are accredited to been a part of Gulf countries and the majority of workers are those and are proud themselves who built many of Dubai, Qatar, Bahrain, and Persian Gulf modern architecture, and major of their architecture is the Burj Khalifa, which is considered to be the tallest building in worlds history which has started its operation in 2010. It is the common factor that no one wants to leave his country and the reason of leaving home country and to go abroad is that of financial surplus. These migrant workers are also attracted towards the Gulf countries because of better salaries, and getting the opportunity of even better jobs in order to remit funds and financials to support their families in India. In 2009, the reports by Middle East analysts show that the Middle East-based migrant workers from India remitted about US$20 billion. In many cases they also have to face the challenges and problems in dong jobs that is labor abuses and problems such as unpaid salaries, poor living conditions and unsafe work conditions have been claimed by the Indian migrant workers. Moreover, it has also been seen that national migrant workers in India have been assessed to be about 4.2 million. These migrant workers work according to their capacity and abilities and they have shown the range from full-time to part-time workers, permanent and temporary workers. They are typically employed for remuneration in cash or kind, in any household through any agency or directly, to do the household work, but do not include any member of the family of an employer. While talking to the India workforce in GCC countries, the reports suggests that India is the principal and major country of South Asia origin for the 17 million migrants in GCC countries. The Indian states are also sending their individuals also to GCC countries in order to get better employment and better remunerations. In 2004, the Indian state of Kerala only consists of the 26 percent of all households that had at least one temporary international migrant. And 89 percent of these were found to be in GCC countries (Zachariah and Rajan 2009, pp. 35, 162). According to the Philippines reports, that there were about 1.5 million temporary Overseas Filipino Workers (POEA 2011), in 2011 represented themselves while working abroad through the act of Philippine Overseas Employment Administration and according to the entire national labor force (BLES 2012) there were about 4 percent of the GCC migrants are Philippines who were working there. The figure below shows that the financial flow comes to the India because of the remittances from abroad and it has been seen that in the period of 2009-2011, 31.4% has been received by India only from the remittances of FDI from all over the world, and in 2012, only 30 of the total remittances came from GCC countries only. The above figure shows that India receives about as much in remittances from the GCC countries as it receives in FDI from the whole world The demand and supply of the labor market of India is not elastic and that the supply of the labor market is high and that the demand is ot that much high because of the economic conditions of the country and that the wages rates as well not according to the demands of the workers as well. Moreover, the high rate of population and unavailability of employment caused the migrants o move towards the GCC countries and overseas. According to the latest reports, the Indian migrates are not getting paid according to their demands and that the wages rate is quite minimum in Gulf countries for them. References Grm.grc.net,. (2014). The Gulf Research Meeting 2014: Workshop Details. Retrieved 29 August 2014, from http://grm.grc.net/index.php?pgid=Njk=wid=Mjg= Labor Market Challenges and the policies in Gulf Corporation Council union. (2014) (1st ed.). Retrieved from https://www.imf.org/external/pubs/FT/gcc/GCC3.pdf Ilo.org,. (2008). The Indian labour market: An overview. Retrieved 29 August 2014, from http://www.ilo.org/asia/whatwedo/publications/WCMS_098851/langen/index.htm

The First Red Scare Essay -- American History

As World War I was heading towards its end Russia was focusing on internal issues. Led by Vladimir Lenin the Bolsheviks embarked on a campaign against the war. Using propaganda which focused on trying to turn the allied troops against their officers Lenin looked to inspire a socialist revolution. The Bolsheviks were also fueled by the poor conditions of the Russian Army. Nicholas II, in a letter to his wife Alexandra, admitted the obstacles that the Russian Army faced, "Again that cursed question of shortage of artillery and rifle ammunition - it stands in the way of an energetic advance." Czar Nicholas tried to deny the fact that his Army was in no condition to continue the fight. Lenin and the Bolsheviks used this information to gain the support of the Russian people who had grown to resent Russian involvement in the war. With the constant failures the Russian military faced the Bolsheviks took this opportunity to take action. On 25 October 1917 the Lenin-led Bolsheviks seized co ntrol of the Russian government. This Russian revolution had little effect on America until 1919. With the war over Americans began to focus more on domestic matters, the biggest issue being the fear of communism in the United States. 1919 Marked the beginning of the first Red Scare. This was a period of extreme fear of communism in America. One of the main missions of the Bolsheviks was to spread Communism around the world. Americans, against the idea of government controlling every aspect of its citizens' lives, took any action they could to prevent it from spreading to the United States. The main leader of this state of hysteria was A. Mitchell Palmer, President Wilson's Attorney General. Palmer feared that communist agents were trying to infiltrat... ...o the statement that America will do anything it feels is necessary to insure the survival of the American lifestyle. Bibliography Primary: Hale, Swinburne. "Raids, Deportations, and Palmerism." New Files. Oct. 1921. 08 Apr. 2007 . "Red Scare or Red Menace." Spartacus. 27 Feb. 2007 . "Russia and the First World War." Spartacus. 27 Feb. 2007 . Secondary: Burnett, Paul. "The Red Scare." Famous Trials. 2000. 05 Apr. 2007 . "Chinese Exclusion Act." Vincent Ferraro. Mount Holyoke College. 27 Feb. 2007 . Fariello, Griffin. Red Scare: Memories of the American Inquisition. New York: Norton, 1995. Murray, Robert K. Red Scare; a Study of National Hysteria, 1919-1920. West Port: Greenwood Pub Group, 1980. Schmidt, Regin. Red Scare: FBI and the Origins of Anticommunismin the United States, 1919-1943. Denmark: Copenhagen: Museum Tusculanum P, 2000.

Anita Roddick (The Body Shop) Essay

Inspiring profiles and best practices for entrepreneurs Twenty-six years ago the Brighton Evening Argus ran a story on a dispute between two funeral parlour owners who were upset about a new cosmetics boutique which had opened up next door. It wasn’t the nature of the business they were getting hot under the collar about, but its name. They thought the green shop front emblazoned with the words Body Shop in gold leaf might put off prospective customers. â€Å"They wanted me to change my shop front which I had just spent  £870 of my  £4,000 loan on,† recalls Roddick. â€Å"My smart move was to call the Argus and tell them I was being threatened by Mafia undertakers who wanted to close me down.† The press loved it. The story of the beleaguered single mum with the house in hock trying to support her two kids with a bootstrapping start-up worked a treat. The small splash made Body Shop a cause celebre, won plenty of local support and won an important battle to get the business off the ground. The anecdote is a small aside, recounted with a chuckle and a hint of outrage in a long interview. But although the battles got much bigger as Roddick grew her business into the multinational retailer it is today, anyone with even a passing familiarity with the Body Shop story will instantly recognise the defining characteristics of its fiery feisty founder in those early days of the business: Ethical Anita versus the big bad world. There has never been any compromise in Roddick’s views on how business should be done: this is why her husband Gordon was tasked with handling the City suits (â€Å"they didn’t like me talking about sexual tension at work†) and why she stepped away from the business in 1998 when the shareholders said a campaigning chief executive was not what they wanted for Body Shop. You might think after thirty years of business and the comfort of a healthy shareholding and a wedge of cash in the bank Roddick’s hunger for campaigning might have diminished. But little has changed since 1976. Her latest venture, a publishing start-up, produces books on ethical matters. It promotes her on the speaking circuit and all the profits going into campaigning. The only difference is now she occupies the position of an icon for women and female entrepreneurs: â€Å"something I don’t take lightly† And there is still plenty to shout about when it comes to what she sees as an ethical vacuum in business today. Suffocation She rails against the suffocation of UK businesses as we outsource to cheaper countries; the failure to preserve the needs of shareholders in public companies; the lack of respect for the responsibility of business to the community at large; the ongoing need for women to conform to a male template in order to succeed; the lack of recognition of the value that employees bring to a business. â€Å"Being ethical in business is not about giving stuff away† Roddick is emphatic about what this means in practice: not sandals, beards and group hugs in the boardroom but the adoption of simple moral values. â€Å"People use the excuse of business to leave their morals at the front door and I don’t know how they get away with it.† But can ethical business really fit in with the cut-throat world of today? Her business, she says, is living proof. She describes Body Shop as a â€Å"great business experiment† which is still proving a point: you can run an entrepreneurial business, provide a return to shareholders while campaigning on ethical issues and placing a high value on human capital. â€Å"Being ethical in business is not about giving stuff away. It’s about your relationship with your employees, it’s about the aesthetics of the workplace and it’s about communication,† says Roddick. â€Å"There is no reason why the workplace can’t be a genuine creative place, why there can’t be flexitime, why there can’t be transparency and even good manners.† If Roddick doesn’t sound like a business woman it’s because she has never claimed to be one. She puts her success down to a need for a livelihood and sees herself as the accidental entrepreneu r.

Multi User Operating Systems Essay

An operating system is a set of software programs, which manage computer hardware in a controlled fashion. The operating system controls the file-system, process management, memory management and peripherals. Multi-user operating systems are used on large mainframe computers. A mainframe computer system has one very powerful processing unit, which may contain many microprocessors. Many users will all share this processing unit. They use terminals (a keyboard and a monitor) to access the mainframe computer. A multi-user operating system lets more that one user work on a mainframe computer at the same time. Features of a MUOS The main features of multi user operating systems are resource sharing, multi tasking and background processing.  · Using resource sharing in a multi-user operating system allocates the CPU time of the mainframe computer between the different users. Each user in turn is given a small time slice of the CPU time. Because these time slices are very small the users believe that they are all using the mainframe at the same time. Resource sharing also lets users share peripherals such as printers or hard drives and also lets users share files on a network.  · Multi-tasking lets the operating system run more than one program at a time. One example of a multi tasking could be editing a word document while browsing the Internet. The way this is done is by the processor using time slicing.  · Background processing is a term which means when commands are not processed straight away but rather executed â€Å"in the background†, often while other programs are interfacing with the system in real time. Types of MUOS There are three main types of multi user operating system. These are distributed systems, time sliced systems and multi processor systems.  · In a distributed system, to the user it appears to be a single computer system but in fact is made up from a number of different host computers, which are connected together. This is completely hidden from the user. All decisions about what computer each user will connect to would be taken by the distributed system’s operating system. Each individual host within such a distributed could be any type of computer at all.  · Time sliced systems split each users time of use of the system to fairly allocate each user a fair amount of time of use. These time slices are so small that it appears to the user that their programs are running continuously when in fact the CPU is jumping from user to user. Each time slice is milliseconds long so each user is actually given several time slices every second. The more each user tries to do the slower their programs will run as their time slice has to split between their different tasks.  · Multi processor systems use more than one processor in a single computer to make themselves much more powerful and relieve the load of sharing the operating system and CPU. Users will again be distributed time slices but since there will be more than one processor there will be more allocation of time to each user rather than if there were only one processor. Main Components of a MUOS There are many components that are needed to run a multi user operating system. These include the processor, memory, data storage devices, terminals and input/output devices.  · The processor, also known as CPU or central processing unit In  terms of computing power, the CPU is the most important element of a computer system. The CPU is the brains of the computer. Sometimes referred to simply as the processor or central processor, the CPU is where most calculations take place. On large machines, CPUs require one or more printed circuit boards. On personal computers and small workstations, the CPU is housed in a single chip called a microprocessor.  · Memory refers to the physical memory that is internal to the computer. Sometimes mistaken for mass storage devices such as hard drives the word ‘main’ is used to differentiate it from this. Memory is usual known as RAM or Random Access Memory. The computer can only manipulate data that is in main memory, therefore, every program that you execute and every file that you access must be copied from a storage device such as a hard drive into main memory. The amount of main memory on a computer is crucial because it determines how many programs can be run at one time and how much data can be readily available to a program.  · There is a couple of data storage devices used in multi user operating systems. The term usually refers to mass storage devices such as hard disk drives or tape drives. Large amounts of data such as the operating system itself and any other programs that are installed on the computer are all kept on such devices so that can be accessed by the RAM and then processed to be used by the user. The main types of storage are: – o Hard disk drives: The most common type of mass data storage used on a computer because of the large amounts of data which can be held and the speed it can be accessed at. o Floppy disks: Much slower than hard drives and hold very little data but are easy portable and inexpensive. o Optical disks: This method uses lasers to read and write data. Optical drives hold a large capacity but are not as fast as hard drives but are as portable as floppy disks and with the right equipment (CD Writer) can be used to read and write data. o Tapes: Not too expensive and hold large amounts of data but do not permit random access of data.  · There are two main types of terminal used to access multi user operating systems. One is a dumb terminal, which just consists of a computer and a keyboard, but practically no processing power. They allow a user to carry out work on the remote server, minicomputer or mainframe. Smart terminals provide additional resources to perform local editing and simple processing. Basically, smart terminals are low cost PC platforms with no external storage like hard drives booting from a network.  · Input/Output devices refers to devices with allow the user to put data and receive data to and from the computer system. For instance an input device may be a keyboard or a mouse and output devices can be things such as monitors and printers. Software Components of a MUOS The main software components of a multi user operating system are the kernel, device handlers, spoolers and the user interface.  · The kernel of an operating system is the most protected and privileged layer of the operating system and acts as a timekeeper and regulator for the system, controlling any time slicing for multi user or multi tasking functions. This ensures fairness in the way resources are allocated and used, and dealing with interrupts having different priorities, which arrive to signal internal and external events.  · A device handler is a small program, which controls a particular type of device connected to a computer. There are device drivers for every hardware component on a computer. If a complex device is added to the machine then a device handler must be added to the operating software because this will contain the code needed to communicate with the device.  · A spooler puts jobs on a queue and takes them off one at a time. Most operating systems come with one or more spoolers, such as a print spooler for spooling documents. In addition, some applications include spoolers. Many word processors, for example, include their own print spooler. A good print spooler should allow you to change the order of documents in the queue and to cancel specific print jobs. Acronym for simultaneous peripheral operations on-line, spooling refers to putting jobs in a buffer, a special area in memory or on a disk where a device can access them when it is ready. Spooling is useful because devices access data at different rates. The buffer provides a waiting station where data can rest while the slower device catches up.  · The user interface is the junction between a user and a computer program. An interface is a set of commands or menus through which a user communicates with a program. A command-driven interface is one in which you enter commands. A menu-driven interface is one in which you select command choices from various menus displayed on the screen. The user interface is one of the most important parts of any program because it determines how easily you can make the program do what you want. A powerful program with a poorly designed user interface has little value. Graphical user interfaces (GUIs) that use windows, icons, and pop-up menus have become standard on personal computers.