New Step by Step Roadmap for Math Problems Wrirting Help Service

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Essay about Identity Theft in America - 1215 Words

â€Å"Most people are other people. Their thoughts are someone else’s opinions, their lives a mimicry, their passions a quotation† (Oscar Wilde). This quote illustrates how in our world, a person’s identity can be easily changed. Many Americans are effected by this problem today. Citizens, criminals, and the government all play a role in this process. However, many disagree as to whether identity theft should be allowed in our country. Based on the history of identity theft and relationships between American citizens, the government, and this issue, identity theft should be abolished in America. The history of identity theft began around the 1950’s, prior to when our 49th state joined the United States. Identity theft used to be a†¦show more content†¦But the government is not the only authority that has concerns. Many officers today feel that we need new rules and procedures to prevent and solve many identity theft cases (Dadisho). There is tr uth in this and many citizens agree with this consideration. One of the reasons why Americans feel this way is that not many cases of identity theft are actually solved. One of the reasons being is that companies do not cooperate with law enforcement enough (Dadisho). However, not only the companies are at fault here. Not only are the companies not cooperating, but also law enforcement is not interested in smaller cases, but only large ones, involving hundreds of victims. The police, being somewhat idle in this situation, do not want to be involved in identity theft crimes because they are difficult to investigate (Anderson). Many other authorities do not want to be involved in these crimes because of other reasons as well. These cases are not only difficult to solve, but are also very long-lasting. It may take years to fix the problem after the theft (Chappell 4). By abolishing the practice of identity theft, the authorities need not focus their time on identity fraud cases, but c an tend to the larger problems in America. Furthermore, there are more reasons to do away with identity theft, including some of the health risks of this issue. Although it may seem questionable, identity theft affects many peopleShow MoreRelatedIdentity Theft : Trends And Issues1224 Words   |  5 Pages Identity Theft: Trends and Issues Identity Theft: Trends and Issues Identity theft is the fastest growing fraud crime in America (Finklea, 2009). Gaining knowledge in preventing theft will better the economy and lower the crime rates in America. There are reported 9.9 million victims of identity theft and this number is increasing rapidly as the years go on. It has been reported that an estimate of fifty billion dollars has been charged to our consumersRead MoreIdentity Theft Paper903 Words   |  4 PagesIdentity Theft and Cards There is many of the America nation that says their identity can’t get stolen, but it can. There is even ways for your identity to be stolen with your credit cards now. Anyone can be the next victim of identity theft. That is why in this research I will tell you how you get identity theft and how to prevent identity theft, because most Americans never know it is happening. Americans need to allow themselves to come to know the cautions of identity theft. There areRead MoreMgt 426 Week 2 Team Assignment1458 Words   |  6 Pagesis identity theft. Identity theft can happen through the internet, ATM, emails, or even a phone. Identity theft can happen when any person(s) takes an individual’s information, such as their Social Security number, or even banking information for financial gain. â€Å"Close to 100 million Americans have their personal information placed at risk of theft each year when records in databases are lost, stolen or accessed by unauthorized indi viduals† (Information systems and technology, n.d.). Identity theftRead MoreProtecting Yourself from Identity Theft Essay1745 Words   |  7 Pagesin your name and it is your address. You may not believe it, but your identity has been stolen and now someone is out there posing as you, running willy nilly around town with your life in hand. The truth is, there is almost nothing you can do once your identity is stolen. How are you going to explain to a credit card company that you did not purchase anything when everything is in your name? This is what makes identity theft so effective, someone can go in, do large amounts of damage and disappearRead MoreIdentity Theft Essay1749 Words   |  7 Pagesin your name and it is your address. You may not believe it, but your identity has been stolen and now someone is out there posing as you, running willy nilly around town with your life in hand. The truth is, there is almost nothing you can do once your identity is stolen. How are yo u going to explain to a credit card company that you did not purchase anything when everything is in your name? This is what makes identity theft so effective, someone can go in, do large amounts of damage and disappearRead MoreSpeech to Persuade637 Words   |  3 Pagesgrowing crimes in America that has affected millions of Americans. Please raise your hand if you carry a wallet or a purse. Now raise your hand if you have a credit card or a social security number, everyone here today is at risk for identity theft. B. Thesis Statement: Today I will inform you about Identity Theft C. Preview of Main Points: In doing so, I will talk to you about 1) reducing your risk, 2) early detection, 3) How to act quickly. II. Body A. Identity theft is defined as anRead MoreEssay On Social Media1377 Words   |  6 Pagespersonal information of social media users is constantly under threat. The misuse of personal information on social media networks is resulting in an on-going worldwide identity theft crisis. Social media use has increased dramatically just in the past decade. According to Pew Research Center, in 2005 social media use in America was only at 5%. Recent research has found that in 2016 that percentage has increased to 69% (Pew Research Center, 2017). Since 2005, more than half of the country has adoptedRead More Snakes of Time in Dantes Hell Essay1314 Words   |  6 PagesOlatunji Oluwatosin, an identity thief. From his base in Los Angeles, Olatunji Oluwatosin stole private information, such as credit card numbers, of hundreds of United States citizens from the national database ChoicePoint. Oluwatosin, utilizing the snake’s deceptive arts, remained undetected when he began; however, as his crimes progressed, people became aware of his crimes, leading to his eventual capture. Oluwatosin’s crime shows the complex relationship between modern identity thieves and the serpentineRead MoreMedia And The Internet Has Made Huge Strides On The World Today1294 Words    |  6 Pagesinternet poses many threats and one big issue is the problem of getting your identity stolen on the web. In this particular paragraph I will observe what identity theft possess and I will present the types of problems that identity theft has created for victims. The effects of identity theft have existed for a long time and the consequences of it have caused great harm to victims. One of the main problems that identity theft has caused is the credit of victims being damaged. â€Å"Although the impersonatedRead MoreThe Four Major Categories Of Computer Crimes Essay1341 Words   |  6 Pagesbusinesses which include NASA and the Bank of America. Using this information the hackers log into the accounts and make unauthorized transfers. The creator of Zeus has made a Zeus Trojan toolkit available to cyber criminals. -When a computer is used to commit a crime the computer is not the main purpose it is just a means to an end. In these cases when a computer is used to commit a crime; these crimes include fraud, threats/harassment, and theft of service. An example of a computer as an instrument

Profit While Subdividing Building Houses †Myassignmenthelp.Com

Question: Discuss About The Profit While Subdividing Building Houses? Answer: Introducation On the basis of the given facts, various alternative ways of tax accounting for the proceeds from the sale of the three houses need to be highlighted with reference to the existing statute. Relevant Rule The primary source for assessable income is ordinary income which is defined as per s. 6(5) ITAA 1997. The given statute does not highlight which incomes to include within the purview of ordinary income and hence the relevant information is obtained from applicable court decisions and tax rulings. A particular contribution to ordinary income is for income derived from business and also employment. However, in case of terming any proceeds as business income, it becomes imperative to separate the business from hobby in line with the Evans v.F.C. of T(1989) 20 ATR 922 verdict (Barkoczy, 2017). It is imperative that employment or activities related to business must be of continuous nature to be categorised under ordinary income under s.6(5) ITAA 1997. However, certain isolated transactions are entered into by the concerned taxpayer for profit motive which would lead to assessable income as per s. 15(15) ITAA 1997. The essential element is profit and also the transaction not being regular. The assessable income would comprise of the profits derived from such transaction (Sadiq et. al., 2016). Assessable income could also potentially result as statutory income. A common type of statutory income is capital gains on which CGT (Capital Tax Gains) would be applied. These may arise when there is a disposal of a particular capital asset. The proceeds derived from capital asset realisation would be considered as capital proceeds and hence outside the realm of taxation (CCH, 2013). Thus, capital gains need to be computed and taxed as per s. 104-8 ITAA 1997 (Gilders et. al., 2016). Application The facts outlined do not highlight profession of taxation Penny and hence it is assumed that she is engaged in the contracting business or deals with real estate dwellings. Hence, as per her business, she took money on interest and subdivided the land purchased to construct four homes. From these four, three houses were sold and the proceeds derived through sale of these are classified as assessable income as per s. 6(5). An assumption is made about the taxpayers profession that Penny does not deal with real estate contracting or selling. Hence, with the motive of profit, Penny decided to sub-divide the land for constructing houses which were then liquidated. In order to maximise the profits, Penny also used marketed services so that the houses can be sold at the maximum possible prices. Thus, both the conditions i.e. profit motive presence and nature of transaction as isolated is fulfilled and hence s. 15(15) is applicable. The main assumption in this case is that profit motive was lacking on the taxpayer part. Hence, Penny thorough sub-dividing of land and consequent selling of house amounted to realisation of the capital asset. Hence, the sale proceeds would be capital in nature and thus non-taxable. However, CGT would apply on the capital gains that Penny would derive owing to the realisation of the capital asset. Conclusion The discussion above clearly highlights that income for the given sale of house is possible through three alternative statutes (s. 6(5), s15(15) s. 108(10)). Assessable income computation in the above listed approaches is carried out below. Sales proceeds obtained from three houses sale = $ 3 million Construction cost (four houses) = $ 1 million Hence, on proportional basis construction cost (three houses) = (3/4)*1 million = $ 0.75 million Also, vacant land cost = $ 1million Hence, on proportional basis land cost (three houses) = (3/4)*1 million = $ 0.75 million Considering the above deductions under s.8(1), the taxable income from the above can be calculated (Deutsch et. al., 2017). Sales proceeds obtained from three houses sale = $ 3 million Construction cost (four houses) = $ 1 million Hence, on proportional basis construction cost (three houses) = (3/4)*1 million = $ 0.75 million Also, vacant land cost = $ 1million Hence, on proportional basis land cost (three houses) = (3/4)*1 million = $ 0.75 million Thus, net profit = $ 3 million (0.75 million + 0.75 million) = $ 1.5 million Hence, the assessable income derived would be $ 1,5 million (Woellner, 2014). Property cost base = Land cost + Construction Cost = $1 mn + $1mn = $ 2 million But on the basis of the given fact, the given property has in total four houses, thus the proportional cost for three houses = (3/4)*2 million = $ 1,5 million Sale proceeds obtained from the liquidation of the houses = 1 million *3 = $ 3 million Thus, realised capital gains = 3 million 1.5 million = $ 1.5 million No discount would be available on the above capital gains under s. 115-25, ITAA 1997 as discount method of capital gain computation is applicable only for long term capital gains which arise when the holding period is in excess of 1 year (CCH, 2013). A key aspect in the above computation is that cost of marketing for house sale is assumed to be zero or else it would also contribute to cost base and hence reduce the applicable capital gains. Based on the given information, assuming a specific profession for Penny would be incorrect and hence application of s. 6(5) seems inappropriate. For application of capital gains, a key assumption was the absence of profit while subdividing and building houses. This seems unlikely considering that she used borrowed money and also marketed the finished houses for profit maximisation. In case of absence of profit motive, Penny would have constructed only one house for her use and would not take debt for construction. The presence of profit motive is confirmed and hence application of s. 15(15) to the given transaction would be most suitable (Barkoczy, 2017). References Barkoczy,S. (2017), Foundation of Taxation Law 2017, 9thed.,North Ryde: CCH Publications CCH (2013), Australian Master Tax Guide 2013, 51st ed., Sydney: Wolters Kluwer Deutsch, R., Freizer, M., Fullerton, I., Hanley, P., and Snape, T. (2016), Australian tax handbook 8th ed., Pymont: Thomson Reuters, Gilders, F., Taylor, J., Walpole, M., Burton, M. and Ciro, T. (2016), Understanding taxation law 2016, 9th ed., Sydney: LexisNexis/Butterworths. Sadiq, K, Coleman, C, Hanegbi, R, Jogarajan, S, Krever, R, Obst, management, and Ting, A (2016) ,Principles of Taxation Law 2016, 8th ed., Pymont:Thomson Reuters Woellner, R (2014), Australian taxation law 2014, 7th ed., North Ryde: CCH Australia

The Purpose of Planning Communication Essay Example

The Purpose of Planning Communication Paper Understand the purpose of planning communication 1. 1 Explain the benefits of knowing the purpose of communication The purpose of communication is to allow the exchange of information, ideas, concepts, emotions, thoughts and opinions. The benefit of knowing this is so you can use communication as a tool, it is needed to be able to learn, teach and explain things to others. We communicate in a Business Environment to maintain effective and efficient ways of working and to listen to and try to solve each others problems. 1.2Explain the reasons for knowing the audience to whom comma annunciations are presented By knowing who your audience is it is easier to adapt your communication appropriately. Your tone and format will differ depending on who is receiving the communication as will your body language, for example when talking amongst friends, you are likely to talk informally with more relaxed body language whereas when talking to a senior manager you would put more thought into what you were saying and the words you choose as well as standing up straight, smiling etc. We will write a custom essay sample on The Purpose of Planning Communication specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Purpose of Planning Communication specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Purpose of Planning Communication specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The reasons we change the way we ammunition to different audiences is to give off the right impression and to get whatnot want to say across appropriately, effectively and efficiently. 1.3 Explain the purpose of knowing the intended outcomes of communications Knowing the intended outcomes of communications helps inform you if the information you provided was satisfactory and up to the right standard or if they needed more from you. 1. 4 Describe different methods of communication and when to use them There are five different methods of communication; verbal, non verbal, informal, formal and body language. Verbal Verbal communication is the act of conveying thoughts, feelings and ideas through the use of speech. It is the most effective type of communication and should be used when an immediate response is needed, which can be sought face to face or over the phone. Verbal is also a preferred method when information is confidential. Non-verbal This type of communication is one that does not Involve speech. Examples of non-verbal communications are written, facial expressions, gestures and sign language. Written communication can be used to have a hard copy/record of an agreement or conversation. Facial expressions and gestures can be very helpful to portray your feelings and helps you determine if the person you are speaking to understands what youre saying. Informal Informal communication can come in many forms, a face to face chat, phone call, text, e-mail, post it note or an informal meeting for a catch up. This is used day in day out amongst friends and colleagues. This is usually used when the people communicating know each other; an example of this would be starting an e-mail with Hi rather than Dear Mr.. Formal Formal communication is usually used when communicating with customers/ linens depending on the relationship held with them or when procedures and orders are being followed. This is, in most cases, the format used automatically when communicating in business with people you do not know. Body Language Body language is the most honest method Of communication; it can be relied on by the hard of hearing or talking to help them get their point across and understand others. It helps people judge who they think is approachable and can assist when there is a language barrier. . Understand how to communicate in writing 2. 1 Identify relevant sources of information that may be used when preparing Ritter communication Sources of information can be classed as Primary, Secondary and Tertiary. Primary When information is primarily sourced it is gathered by a person directly in contact with the event or incident. These are the authentic facts that havent undergone any changes. Examples of these include: Diaries Letters E-mails interviews Sue reeves Secondary A secondary source of information is interpreted or analyses data of the primary source. Examples Of these include: Books Magazine and newspaper articles Commentaries Textbooks Tertiary Tertiary sources consist of information which is a combination of primary and secondary sources. Examples of these include: Manuals Directories Fact books Bibliographies 2. 2 Describe the communication principles for using electronic forms of written communication in a business environment. Electronic forms of data or communication are e-mails, faxes etc. When choosing electronic communications for exchange of information, you should think carefully to decide which the best and most efficient method of communication is. 2. 3 Explain different styles and tones of language and situations when they may be used for written communications. Colloquial, casual, and formal rioting are different styles of writing that have their own expectations and outcomes. The style of writing also depends on the purpose of what is intended to say, how it is intended to say, what the document will be used for and the audience. Colloquial Language Colloquial is an informal, conversational style of writing. Casual language is something that we use to communicate with family and close friends. It uses informal words that we use normally on a daily basis. Formal Language Formal language is used in business communications. It depends on the words you use, the way you use and relates to your role. You need to be personally well presented and the language has formal words with proper syntax, good vocabulary and excellent grammar which are more important. 2. 4 Explain the reasons for selecting and using language that suits the purpose of written communication. The purpose of written communication is to contact people in a more professional way. See 1. 4 under Formal. 2. 5 Describe the ways of organizing, structuring and presenting written information so it meets the needs of different audiences. When organizing, structuring and presenting written information we have to bear in mind the allowing. Prepare all the documents for presentation depending on what has to be delivered. Keep documents in the correct order, so that the communication goes in a proper flow without any confusions and errors. While presenting, be clear in what you talk stating the objectives. Give an introduction on what you are going to present, why you are writing to them, why the audience is receiving the written communication. Present it step by step clearly using proper resources where needed. In the end, close it down making clear that all objectives were covered. Inform the audience what will append next and what actions have to be implemented. 2. 6 Describe ways of checking for the accuracy of content in written information. Any written communication has to be free of spelling and grammatical errors. It also has to be in the right and professional format. So the following have to be checked or considered before the document is finalized to be sent out. Check the points written down: Whatever we write has to be accurate, otherwise it will have disastrous effects and can even ruin the reputation of the organization, and the organization can itself get into trouble. So all details have to be double checked for example dates, names, statistics, events, discussions, actions and other facts. If you are unsure of anything, make sure you check with knowledgeable or experienced people and update the written document. Spell check and Grammar check: Spell-check is an option available to easily correct typo errors. Sometimes it will not be 100% accurate, because if you had typed a word instead of another, then spell check will not be able to trace it. So it is always best to check through the document twice before sending it out. 3. Use a Template: Usually every organization has a different style for documents they produce. They will all be available as templates which one can use to easily input data. In case there isnt a template available, you should research through to find the correct style for the document that you produce depending on needs, department and organization and follow the style guide to produce the document. As an organization, documents have to be produced in a standard and professional format. 4. Have someone else check your work: Another way to ensure accuracy is to have your document read by another reader. Sometimes when we read through our own work, minor or sometimes major errors can be hard to detect. Grammatical, punctuation and style errors can be picked up if the reader is an experienced person. 2. 7 Explain the purpose of accurate use of grammar, punctuation and spelling. The main purpose in the correct use of grammar, punctuation and spelling is ensuring the receiver of the information reads it the way it was intended. Addition to this when given a task to do, your employer expects you to do it perfectly. When a document has inaccuracies, readers tend to distrust everything, including the statistics, opinions, and facts. For progression in the company you need to ensure you carry out all tasks to a certain standard. 2. 8 Explain what is meant by plain English, and why it is used. Plain English is plain language used for communication that emphasis clarity and avoids technical language. Plain English is used so that what you try to communicate is easily understood by everyone and is appropriate to their reading skills and knowledge. 2. 9 Explain the purpose of proofreading and checking written work. Any work that is written has to be proofread and checked especially if it is important written work.