Hiring Friends and Family in Personal Business

Should Kids Get an Allowance free essay sample

Today, I’m going to talk about whether it’s a smart thought to give kids a stipend? Above all else, I’m a child and also, I love cash. My answer is completely yes †it’s a good thought to give kids a remittance. What is a stipend? It’s cash given to a youngster all the time by a parent or a gatekeeper. The cash can be utilized to go towards something explicit or left to the youngster to choose how they need to spend it. Research has indicated that kids who find out about cash the executives at an early age will in general be progressively effective as grown-ups. Recompenses offer youngsters the chance to rehearse math abilities to find out about taking care of and overseeing cash to get sparing and spending and to find the nuts and bolts of planning I am certain we have all observed children kicking and shouting, asking their folks to get them things at the store? On the off chance that you haven’t, simply stroll into a Toys R Us on a Saturday. We will compose a custom paper test on Should Kids Get an Allowance or then again any comparative theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Children know whether they make an object and make a scene, there is a decent possibility they will get what they need. These are kids who don’t comprehend the estimation of cash. At what age should guardians begin giving their children a remittance? Studies appear, on the off chance that you start at age 5 or 6, kids are mature enough to comprehend the contrast among need and need. They are additionally mature enough to be instructed how to keep their cash in a protected spot. Presently the central issue what amount of recompense should a youngster get? In the event that it were up to me, I’d state $100 month. In any case, a typical dependable guideline is giving 50? to $1. 00 every time old enough. For instance, a nine-year-old gorgeous kid like me would get $4. 50 to $9. 00 every week. Just on the off chance that you’re pondering, I get $4. 50 every week. Before giving a kid a recompense, guardians and youngsters ought to set up some guidelines. For instance, a composed understanding is a decent method to begin. Guardians can state the amount they are going to give their youngster and at what interims (ie. week by week, every other week or month to month). A little tip for guardians, give recompenses on a Sunday as opposed to a Friday. This will keep us from spending our remittance right away. My folks and I thought of an equation for my remittance: I contribute 30% and save that aside for University (simply incase I don’t get a grant for swimming). I spare 30% for transient objectives (like a Nintendo DS game) I burn through 30% on whatever I like The last 10% goes towards a foundation of my decision Some of us kids are going to purchase senseless things with our cash. As guardians, you need to let us commit errors and gain from them. All things considered, committing errors now with modest quantities of cash is obviously superior to if we somehow managed to commit comparable errors when we’re more established. A few guardians may state, â€Å"we can’t bear to give a remittance to our kids†. To those guardians, I pose 2 straightforward inquiries: 1. Do you at present purchase toys, hockey cards or even treats or popcorn at the skating arena for your children? 2. What amount do you think you spend week after week on these kinds of things? You’ll be amazed how much you’re right now providing for your children without knowing it. In addition, on the off chance that you keep on purchasing things for us, you’re not showing us anything. A recompense gives us an open door for hands-on understanding to completely comprehend the estimation of cash. Things being what they are, is it a smart thought to give kids a recompense? My cash says yes.

Psychology, Anthropology, and Sociology applied Essay - 1

Brain research, Anthropology, and Sociology applied - Essay Example The manner in which these contentions are settled decides the individual’s capacity to learn, to coexist with others, and to adapt to nervousness. Sentimental connections are administered by the idea of the Development of Attachment or the solid loving tie we have with uncommon individuals in our lives that drives us to feel joy when we cooperate with them and to be console by their closeness in the midst of stress. At the point when we set up a feeling of connection for somebody uncommon, we produce a sentimental relationship. So as to make our cultural and social lives better, we should concentrate on Vygotsky’s Sociocultural Theory, which centers around how culture, the qualities, convictions, customs, and aptitudes of a social gathering, is transmitted to the people to come. These ideas permit us to deliver more advantageous associations with other, sentimental connections, and better cultural and social lives. Human studies is significant in delivering better associations with others, better sentimental connections, and better cultural and social lives. Through member perception, Anthropologists can consider numerous regions of people. Through these examinations, they center around nuclear family, family culture, and race to show signs of improvement comprehension of these components. Connections become better since we can figure out how past connections influence our current connections. Gaining from authentic models is a decent method of building up a solid relationship, which produces sentimental ties with the person who the individual is interwoven. Cultural and social ways become better since Anthropologist center around comprehension past societies and social orders. This examination permits them to connect past societies and social orders with present societies and social orders. It gives them a comprehension of why and how individuals in present social orders have a typical connect ion with past social orders. Past societies will in general transmit through present societies since somebody in the past educated their

BBC - Religions - Atheism, Rite Of Passage - 275 Words

BBC - Religions - Atheism, Rite Of Passage (Essay Sample) Content: RITE OF PASSAGEMy most significant rite of passage was the naming ceremony that I underwent as a toddler. I might not have been aware of the ritual but my parents later related it to me in detail. The event aimed at giving me a name and identify my godparents. According to the BBC (2009), this ritual involves the recitation of poems and prose readings.The rite was meaningful to me since it is through it that I got my name and had various people vow to support me through my childhood and help me acquire the skills of leading a successful life. My name plays a crucial role in my identification and gives me a sense of being. The members of my family and friends who promised to assist me as I grew up have been of great significance in my life. Some have become my mentors, others my godparents and special friends in whom I can confide and seek guidance. I always ask for their opin...

Greece A Major Economic Crisis - 700 Words

To start off, Europe (as a political entity) is in a major economic crisis. The IMF (International Monetary Fund) was set up after World War Two in order to rebuild Europe and other countries of the world. The eurozone and Greece have been at a gridlock since the Greek economy has dropped so significantly. As stated in the article, (paraphrasing here) the eurozone will only give aid to Greece if the IMF agrees to give them funds as well (pushed by several countries in the European Union). The IMF is refusing to help bail out Greece any further until it is certain that Greece will uphold the terms of the bond agreements. In February, both the IMF and the eurozone agreed to subject Greece to more measures to ensure that Greece meets its†¦show more content†¦Discussion In my opinion, the IMF is protecting its interest when it pertains to not becoming laxed on the policies for another bailout of Greece. The European countries are also protecting their interest to ensure that they are not feeling the full burden of Greece’s economical downfall. Also, I think the European countries are trying their best to ensure that Greece does not lose control of its political systems. During a time of economic and political instability, the populace of a country can become desperate and may not have any places to work, thus causing anger and frustration to rise up against the current ruling regime. Also, the IMF is losing its influence in many countries as it is having a hard time competing against the Asian Bank. On top of the competitors, the IMF has historically had a difficult time in obtaining the funding it has lended out to various countries. In my opinion, both the IMF and the countries of Europe need to help out Greece one last time. If Greece†™s economy continues to drop further, both the IMF and the countries in Europe will lose their influence. Of course, I think stricter rules should be imposed on Greece and the penalties for not adhering to the rules should be harsh as well. To illustrate my point, I will use an example which came from the economic recession of 2008 in the United States. The government of the United States chose to bail out GM, (GeneralShow MoreRelatedThe Tension Between Germany And Greece1519 Words   |  7 Pagestension between Germany and Greece has been ongoing for years. Both countries continuously blame each other for issues that are going on within the EU. Germany views its self as the country that has worked hard and sacrificed a lot to become a successful country, but on the other hand there is Greece who is viewed as lazy and irresponsible which has landed them in debt. One of the biggest issues that Germany and Greece both have with each other is the European Union Debt crisis, and who is to blame forRead MoreGreece s Euro As A Solution Of Its Budget Deficits Essay924 Words   |  4 PagesGreece has joined Europe Union since 1981. In the 1990s, it steadily ran substantial budget deficits while using the Drachma as its currency. As a result, in 2001 Greece decided to adopt the euro as a solution of its budget deficits. After using euro, all went well for the first several years. Like other Eurozone countries, Greece benefited from the power of the euro, which meant lower interest rates and an inflow of investment capital and loans. Greece enjoyed a period of growth from 2001 to 2007Read MoreWorld War II : A Nation Of Devastation1260 Words   |  6 PagesThus, in order to trade, there were complicated exchange processes, in which countries would have to pay a fee to exchange their currencies, and then they would also have to pay a tariff fee to do business with the other countries (â€Å"The European Debt Crisis Visualized†). To make matters worse, World Wa r II left the majority of Europe in a state of devastation. It appeared that the best way to resolve this devastation was to break down trade barriers and create a unified Europe, leading to the MaastrichtRead MoreGreece : A Debt Of More Than 350 Billion Euros1515 Words   |  7 PagesRoad Ahead Greece has a debt of more than 350 Billion Euros or close to 175% of its GDP. Its annual interest obligation is close to 23 Billion Euros. Unemployment is more than 25% and its annual GDP is declining by 2% per year. Greece is clearly in a grave crisis situation which is extremely hard to overcome. On June 30th, it became the first developed country to default to make an IMF loan repayment. It is in an urgent need of funds to make another loan repayment to European Central Bank on 20thRead MoreFinancial Crisis And Its Effect On The Stock Crisis1155 Words   |  5 PagesBACKGROUND: The Global Financial crisis started with the burst of US housing bubble, which peaked in 2006. The main reason for this was the subprime lending, deregulation of the financial sector, off book financing and underwriting practices. Loans were issued to the customers with poor credit rating thinking that the price of houses will rise in the future and due to overvaluation. This resulted in decline in credit availability, damaged investor faith, and reduced international trade and an impactRead MoreThe Financial Crisis Of Greece And Portugal1624 Words   |  7 PagesBrothers collapsed at the height of the financial crisis. Investors all over the world were shocked and creditors were equally horrified. Greece, the founder of true democracy, the originator of the olympics and the birthplace of geometry - was now $430 billion in debt. Never before had a country such as Greece imploded with such velocity and magnitude - that its government bond contracts were now considered toxic. It was a n exact replay of the financial crisis, except that the insolvent borrower was nowRead MoreThe Crisis Of The European Union1309 Words   |  6 PagesInflation, crisis, recession, fear, unemployment rise, debt, and depression are some of the commonly used phrases in relation to failing economies. There are many different factors that contribute to the downfall of an economy, whether it be the political structure, the aftermath of a war, or the role of government itself. A failing economy’s severity can vary based on the specific country’s situation. In comparison to the world, there have been a few countries under the European Union that haveRead MoreGreece - Debt Crisis890 Words   |  4 PagesBackground on Greece’s Debt Crisis â€Å"You cannot spend more than (what) you earn†¦you should not borrow more than (what) you can afford.† This, according to an editorial published by the Greek newspaper Kathimerini, may be the lesson Greeks are now learnin g the hard way.1 Unrestrained spending of successive Greek governments over a long period may have driven the country’s budget and current account deficits.2 Greece borrowed heavily from international capital markets to finance public sector jobs,Read MoreEssay on Globalization Study Greece Economic Crisis975 Words   |  4 PagesGreek economic crisis Introduction: In September 2009, Greek economic crisis exploded. Greek government announced that the country’s financial deficits and public debt to gross domestic product would be along about 12.7% and 113%, which are far from the provision of European Union: 3% financial deficit and less than 60% public debt to gross domestic product. Moody’s, SP and Fitch, the three major credit-rating agencies, all reduced the credit-rating of Greece. TheRead MoreCauses of the Greek liquidity crisis; how conditions were before the crisis Events that happened1600 Words   |  7 Pagesliquidity crisis; how conditions were before the crisis Events that happened preceding the crisis The structural economic support weakened –when Greece entered the euro zone in 2001 the convergence criteria which supposed to provide sound financial systems within the economy and the GSP were established to prevent financial and economic crises. Greece entered

Essay about The Character of Captain Delano in Benito Cereno

The Character of Captain Delano in Benito Cereno Captain Amasa Delano is an interesting embodiment of white complacency about slavery and its perpetuation. Delano is a human metaphor for white sentiment of the time. His deepest sensibilities of order and hierarchy make it impossible for him to see the realities of slavery. Delanos blindness to the mutiny is a metaphor for his blindness to the moral depravity of slavery. The examination of Captain Delanos views of nature, beauty, and humanity, allow us to see his often confusing system of hierarchical order which cripples his ability to see the mutiny and the injustice of slavery. After Delano believes that Benito Cereno cut his faithful slave on the cheek for shaving him†¦show more content†¦In the view of the captain everything, even nature herself can be fit into good order. But to insure that good order can exist there must be a prevention of misery. Captain Delano seeks to placate and to prevent misery in those lower than himself in his sense of order. The crucial lesson which the Captain cannot understand is that his conception of good order inherently causes misery in those he enslaves. The reason he wants to believe the lie of the San Dominick is because it validates his all important system of order and hierarchy. Delanos first description of Babo compares him to a shepherds dog. (p. 41) Not only did Delano compare him to something that was not human, but the assertion that Babo was a shepherds dog is important to understanding Delanos obsession with hierarchy and possession. Delano must understand everything in terms of its relationships and its place in his hierarchy. Delano describes the San Dominick as a Spanish merchantman of the first class, carrying Negro slaves, amongst other valuable freight. His first reaction to the fact that there were blacks on the San Dominick was to classify the blacks as valuable freight. He describes the black mothers as Unsophisticated as leopardesses; loving as doves.. (p. 63) After Captain Delano discovers that the blacks have mutinied, they are no longer dogs but wolves: Exhausted, the blacks now fought in despair.Show MoreRelatedEssay on Benito Cereno by Herman Melville561 Words   |  3 PagesBenito Cereno by Herman Melville In many stories, the main characters carry the plot of a story throughout the book. The author often expresses the message that he desires the reader to receive through their thoughts and actions. Yet, the minor characters often have a large affect on the outcome of the book, although it is not quite as obvious to the reader. By altering the thoughts or actions of the main characters, a seemingly minor player in a novel may actually, at closer examinationRead MoreRacism and Slavery in Benito Cereno, by Herman Melville1287 Words   |  6 PagesBartleby the Scrivener, and Benito Cereà ±o. His complex plot and unique character personalities make his works both interesting and compelling. In Benito Cereà ±o, we are introduced to the narrator Captain Delano as he and his crew encounter the ship, the San Dominick, in need of assistance. Upon climbing aboard he meets Captain Cereà ±o along with is crew and slaves, and is informed of their unfortunate events has left the ship without supplies. However, Captain Delano is not aware of what is actuallyRead MoreCaptain Delano s Disarrayed World1417 Words   |  6 PagesRishabh Bhatnagar Ms. Disher English 3 Honors 29 December 2014 Captain Delano’s Disarrayed World The character of Captain Delano in â€Å"Benito Cereno† is that of a good-natured and openhearted white man who is clever but naà ¯ve in his assumptions about his surroundings. Although Delano is identified as the major character with good traits, Melville stresses the man’s simplicity. He is constantly exposed to clues onboard the San Dominick, yet he does not recognize the underlying mutiny that has takenRead MoreThe Corruption Of Slavery During The 19th Century1571 Words   |  7 PagesOlivia Seeney Dr. Michael Crews ENGL 202 Lit of the U.S.: Beginning-Civil War 11 December, 2015 The Corruption of Slavery in Benito Cereno† â€Å"From the beginning of the â€Å"Melville Revival† in the 1920’s until late in the 60’s, when â€Å"Benito Cereno† had come to be seen as one of his masterpieces of short fiction, the critical consensus held that the story was one of evil (the blacks) attempting to destroy good (the whites) (Beauchamp).† However, as most of the events that occur through the story it isRead MoreEssay about Death on Board755 Words   |  4 PagesDeath On Board The story of Benito Cereno contains a vicious mutiny at sea aboard the San Dominick plotted and carried out by the valuable [human] freight (39) - the slaves. Subsequently, this insurrection is veiled in a calculated fa#231;ade to fool a na#239;ve American captain named Delano who is unable to believe in the malign evil in man (37). Delano remains complacent throughout his time on the San Dominick unaware of the many indications suggesting a much more sinister situationRead MoreAnalysis Of The Book The Good And Evil 1565 Words   |  7 PagesYajaira Andraschko Professor Murray ENC 1102- 07 03 November 2014 The Good and Evil in â€Å"Benito Cereno† Benito Cereno is certainly one of the most mysterious and notorious novellas of Melville. Full in symbolism and somewhat gothic in its analysis, that it has caused a great partition among the literary critics of Melville. Various critics have argued that the text defenses the association of slavery while others have argued that it sentences it. There are those who have not taken into considerationRead MoreBenito Cereno By Herman Melville951 Words   |  4 PagesBenito Cereno is a short story written by Herman Melville in 1855. This story is about a black crew’s desire for freedom. It was published around the same time the United States was reading itself for The Civil War. This short story is just one of several stories by Melville that contributed to the debate of slavery during his time. The San Dominick is the Spanish ship aboard which most the story’s events take place. By the time Captain Delano, portrayed as a dumbfounded racist, discovers it, theRead MoreAnalysis of Critical Essays on Benito Cereno1280 Words   |  6 Pagesof Critical Essays on Beni to Cereno nbsp; It is possible to divide the critics into two camps regarding Herman Melvilles purpose in writing Benito Cereno. Joseph Schiffman, Joyce Adler, and Sidney Kaplan all argue that Melville wrote the story to make a comment on slavery. On the other hand, Sandra Zagarell and Allan Emery contend that Melville goes beyond slavery and is pointing out other flaws in mid Nineteenth century American notion. nbsp; Benito Cereno tells the story of aRead MoreFrederick Douglass Narrative And Benito Cereno1577 Words   |  7 PagesBetween Frederick Douglass Narrative and Benito Cereno Early American Literature reflects many conflicting differences in the presentation of slavery during that time period. Through the two chosen texts, the reader is presented with two different perspectives of slavery; Frederick Douglass’s narrative provides a look at a slave’s life through the eyes if a slave while Benito Cereno showcases the tale of a slave uprising from the viewpoint of the slave owner.. Benito Cereno’s work shows the stereotypicalRead MoreAnalysis Of Benito Cereno And The Yellow Wallpaper By Charlotte Perkins Gilman1675 Words   |  7 Pagesthe reader an advanced understanding of the text. Two literary works, Benito Cereno by Herman Melville and The Yellow Wallpaper by Charlotte Perkins Gilman use stereotypes as a literary technique to deepen the plot, but are used in each story in a particularly different way. Literature is a good mechanism to help explore cultural stereotypes and exploit the positive and negative consequences associated with them. In Benito Cereno, Melville encaptures a typical American sailor who is blindly trusting

Taxation Law Cost of the Asset and Selling

Question: Describe about the Taxation Law for Cost of the Asset and Selling. Answer: Case study 1: Capital Gains Tax According to Australian Taxation office, capital loss or capital gain is the difference between cost of the asset and selling price of the asset. An individual has to pay tax on the capital gains. The capital gains forms part of the income tax and it is not consider as separate tax (Burrell and McGinn, 2009). If an individual incurred a capital loss then he or she cannot claim it against the income but can use it to decrease the capital gain in same financial income year. If the capital losses exceeds the capital gain in the income year then loss can be forwarded and deducted against the capital gains in coming year. In the given case study, Fred signed a contract to sell holiday home in Blue Mountains in last year. In February, the sale was settled and receives an amount of $800,000 from the. Legal fees incurred by Fred was an amount of $110 and commission from the real estate of an amount $9900 in relation to sale. In march 1987, the holiday home was purchased for an amount of $100 ,000 and also paid stamp duty for an amount of $2,000 on transfer and legal fees of amount $1000. Fred engaged the builder in order to build garage on the property for an amount of $20,000 in the year January 1990. The capital gain tax is to be calculated on the sale of the asset customer (KimSungKyun, 2007). The net capital gain of Fred has been calculated is as follows: Amount ($) Sale of holiday home 800,000 Less: Legal fees 1100 Commission 9900 sale of shares -10000 GST -80000 721,000 According the Australian Taxation Office, Goods and Service Tax is 10%. The above table shows the net capital gain of Fred for the current arises from the sale of holiday home. The sale amount of holiday home is $800,000, legal fees and commission paid is $1100 and $9900. Fred incurred loss from the sale of shares is -$10000. The goods and service tax has also estimated on the sale of the home (Park Nosu and Hun Park, 2014). If there is loss from the sale of the antique vase then the net capital gain of Fred would be: Amount ($) Sale of holiday home 800,000 Less: Legal fees 1100 Commission 9900 sale of shares -10000 Antique vase -10000 GST -80000 711,000 The net capital gain of Fred decreased with the loss arose from the sale of the antique vase. Therefore, capital gain tax is paid on the sale of the assets and is calculated by deducting the base cost from market value or gross selling price of the asset. The base cost of the asset includes acquisition cost of asset, incidental expenses of purchasing and selling of the asset and improvement cost. The net capital gain tax is to be calculated on the sale of the assets and the taxpayer has to pay tax on the gains earned from the asset (Prince, 2011). Taxable income is the total assessable income of an individual or a company less any deductions. The assessable income generally includes wages, salaries, interest, dividend, income from business and rent. The deductions include all the expenses that have been incurred during a course of producing or gaining income. The assets subject to the capital gain tax are very broad and include both intangible and tangible assets. The main aim of the Australian Taxation Office is to introduce an appropriate framework of tax system in Australia. Both resident and nonresident are subjected to income tax and capital gain tax relying on the income source (Thomas, 2010). The tax payable of an individual increases with the increase in income of an individual. Case Study 2: Fringe Benefits Tax Part a Periwinkle Pty Ltd is a bathtub manufacturing company that sells their products directly to the customers. In the year 2005 of 1st May, the company has provided car to Emma because Emma travelled a lot for the purpose of work. The car was not only used for the work purpose but also is available for any other work. On 1st May 2015, the company has purchased the car for $33,000 (Bebbington, 2009). During the period of 1st may 2015 to 31st March 2016, Emma travelled 10,000 kilometers. Emma has incurred the operating expense of $550 on maintenance, and the maintenance was reimbursed through the company (Bitsch, Bromm and Schalich, 2004). The car was not used for 10 days since it has been parked at the airport. Moreover when the car was on repair, as per schedule, at that time the care was not used for five days. On the year 2015 of 1st September, the company has been provided a loan of $ 5,00,000 to Emma , with the interest rate of 4,45%. A holiday home was purchased by Emma of which the value seems to be $ 4, 50,000 through the help of the loan amount (Kess and Weltman, 2002). The rest amount were provided to her husband by her for the purpose of buying shares at Telstra. During the year Emma was purchased a bathtub that is manufactured by the Periwinkle Company for $ 13, 00. However the manufacture rate of a bathtub was $700 of cost which has been provided to the Periwinkle and that bathtub was sold to the public at the cost of $2600. Fringe Benefit tax: Fringe Benefit tax is a tax that has been paid by the employer on a certain benefits that has been provided by the employer to the employee (Shanske, 2011). The Fringe benefit tax is applied only for the non- cash benefits and that are paid by the company to their employees. There are some certain exemptions from Fringe benefit tax which are as follows: Loans that are excepted Expenses that are interrelated to work The car that has been provided by the company for the staff benefits and that car must be used for the work purpose. Benefits that having the taxable cost value must be less than $300 Relocation expense for the employees Housing allowance has been provided to the employees for those whose houses are located at remote place (Stoianoff et al., 2016). The responsibly of Fringe Benefit Tax: For the car benefit, loan redemption, expenditure of payment, housing benefit, airline, transport, car parking, property and residency benefits are accepted as fringe benefit and applicable fringe benefit tax are computed for the employers. The car like a station wagon or any vehicle defined by the fringe benefit tax which is used to carry goods which is not more than one tons or any vehicle used to carry less than nine passengers. In order to define fringe benefit tax the car is provided for the employee which does not meet the definition (WALLER, 2007). The definition of the car is used for the private purpose by the employee. Under fringe benefit some benefit are provided to the employees by the employers and for that reason tax will be calculated on such benefit. For less than 3 months if provides the car then it will be not under consideration that the car is being holding by the employee and thereby the fringe benefit tax will not be computed. According to the classification of the car, the car is provided to Emma qualifies. The company apply the fringe benefit tax in about car provided to Emma and also a car is used for the private purpose .It is given for private use to employee and at the premises of employee the car is garaged. . Fringe benefit tax situation that when the car is at the workshop for renovating purpose the same is expelled from the definition of car used for private purpose. In two methods fringe benefit tax can be computed Cost Basis method By Applying Statutory formula As per question Base value of the car $33, 000 Number of days car provided as fringe benefit tax =335-5 = 3 Note: Car ha taken for repairing and was not used for 5 days wont be counted in total days used by Emma for private use. Whereas car parked at airport will be included in total days used by Emma for private use. Has the keys of the car been given to the employer the same would not have been included in Total Days. The car runs for less than 15000km during fringe benefit period. As a result the rate would be 20% Taxable Value $33000*20%*330/365 $5,967 Less expense incurred by employee $550 FRINGE BENEIFT TAX$5,417 To employee, treatment of Loan provided by employer at a low rate of interest Fringe benefit tax with respect to loan will be calculated when a loan provided by the employer to its employee at a lower rate of interest. In another words, When an employer provide a loan to employee at a rate lower than bench mark or interest free loan the tax fringe benefit tax will be computed as follows: The benchmark rate of Interest is 5.95% while the company provided a loan at interest rate 4.45% SO fringe benefit tax is as follows: 5, 00,000* 1.50% = $7,500 Now the used part of employees $ 4, 50,000, this cost was used for the buying a house and rest was transferred to her husband for purchase of shares. Since Emma incurred $ 4, 50,000 for house work, hence the taxable value will remain same i.e. $7,500. Part b Now if Emma uses the total amount of loan i.e. for buying the property value $ 4, 50,000 and also buying shares value $50,000. Fringe benefit tax would be computed are as follows in the given bellow: Taxable value of the loan fringe benefit without the deductible value $ 7,5005,00,000*1.50% Disregarding any interest charged and supposed that the loan was interest free $29,750, $5,00,000*5.95% Now suppose that the employee has been paid interest equal to the amount of taxable value $ 29,750*10/100 Now appear at the real situation if employee is being charged interest on loan $5,00,000*4.45%*10%= $2,225 Now subtract 3 and 4 $2,975-$2,225= $750 Taxable value 1-5 7500-750 = $6,750 Debt Waiver Benefit of Fringe: In the given case Emma has been purchased bathtub for $1,300 that was sold in the market to the general public for $ 2,600. Therefore the difference i.e. $ 2600-$1300=$ 1300 which is fringe benefit liability. References Burrell, D. and McGinn, J. (2009).Cornerstone law series. [Adelaide]: Law Society of South Australia. KimSungKyun, (2007). Review of Inheritance Tax Systemà ¢Ã¢â€š ¬Ã¢â‚¬ ¢focused on unrealized capital gainà ¢Ã¢â€š ¬Ã¢â‚¬ ¢.Seoul Tax Law Review, 13(2), pp.375-413. Park Nosu, and Hun Park, (2014). Research on Unified Application of Tax Laws related Contractual Rescindment on Capital Gain Tax, Gift Tax and Acquisition Tax.Seoul Tax Law Review, 20(1), pp.243-292. Prince, J. (2011).Property taxation. Milton, Qld.: Wrightbooks. Thomas, G. (2010).Cornerstone law series. [Adelaide]: Law Society of South Australia. Bebbington, P. (2009). Fringe benefit.New Scientist, 203(2724), p.27. Bitsch, V., Bromm, U. and Schalich, C. (2004). IMPROVING THE HORTICULTURAL WORKPLACE: FRINGE BENEFIT OPTIONS IN GERMANY.Acta Hortic., (639), pp.339-345. Kess, S. and Weltman, B. (2002).CCH guide to tax planning for individuals and small businesses. Chicago: CCH Inc. Shanske, D. (2011). Going Forward by Going Backward to Benefit Taxes.California Journal of Politics and Policy, 3(2). Stoianoff, N., Kreiser, L., Butcher, B., Milne, J. and Ashiabor, H. (2016).Green fiscal reform for a sustainable future. Northampton, MA: Edward Elgar Pub. WALLER, V. (2007). The Challenge of Institutional Integrity in Responsive Regulation: Field Inspections by the Australian Taxation Office.Law Policy, 29(1), pp.67-83.