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The Definition of Poverty Essay - 644 Words

What are the definitions of poor and poverty? Many people hear the words poverty and have different meanings, so how do we know which definition and I poor is the correct one? According to many people poverty may mean a person who does not have any money to do the things they want to do, however most people can afford to live only on the things they truly need. This is just one example; there are many other definitions of the word poverty. Then what do people consider to be the meaning of the word poor? Some may say poor is not having enough money for that extra something at the supermarket or at the mall. What exactly are the true definitions of each word, and how do you tell the words apart and how do you know what to†¦show more content†¦So how do we know that both of these are true meanings of the word poverty? It could also be an educated guess as the word poor. I believe we must take the learned definitions of each word and merge them with our own opinions and th e situations in which they are used to come to an accurate definition. In the beginning of my research of the word poor I had just thought that the word meant not having anything, digging through garbage for food and living in the streets. I always thought about the children advertised on the television that had no food and were nothing but skin and bones; however in my research using the (OED) I found the word poor can mean many different things like having only few materials needing the things that provide the comforts or the nessecities needed in human life so as in doing the research I have done it has changed my mind a little and in a way has me confused about the true meaning of the two words. As I have described poor in the last paragraph I have also thought about the meanin of the word poverty and how closely the two definitions are related they both mean to me having little or nothing, not having the nessecities needed in life they both mean having little or no wealth, the y can also mean having poor condition of the body. I believe that is why the English language is so distinctShow MoreRelatedThe Definition of Poverty554 Words   |  2 PagesGordon (2007) twelve clusters of meaning of poverty evidently proved how the definition of poverty seems difficult to be established, the debates on poverty have been bedeviled by an artificial formalism, which insists that there is only one agreed meaning of poverty. However poverty does not attract a single meaning. For him, poverty is commonly understood in at least twelve discrete senses, which are logically separated: The first meaning denotes poverty as a material concept: individuals are attributedRead MoreDefinition Of Classism And Poverty1573 Words   |  7 PagesDefinition of Classism and Poverty: Classism is a discrimination based on your social class, but it’s more than that, it’s shunning a fraction of people because they are a different class, it is an inequality in what it is to live. This is a colossal issue that impacts millions and this directly ties into billions through poverty. I may be going on and on about poverty, but you may not know what it is and so you may not know how massive of an issue it is. Poverty is being in a state of such lackRead MoreThe Definition Of Poverty On The Number Of Adults And Children1518 Words   |  7 PagesThe definition of poverty hinges on the number of adults and children in the family. Based on income in the United States in 2015, roughly, poverty lines as the weighted average poverty thresholds for family with one person, two people and three people, are 12,082, 15,391, and 18,871 dollars, respectively [1]. Poverty rate differs between race and Hispanic origin, age, and sex, disability status, and other societal characteristics, including immigration status, region, and work experience. The realRead MoreHow Has The Definition Of Poverty Changed Over Time?896 Words   |  4 PagesHow has the definition of poverty changed over time? The definition of poverty has changed overtime because it is defined in several ways. The basic needs perspective defines poverty â€Å"as the lack of resources to fulfill basic human needs including food, health, and education. The capabilities perspective defines poverty as the absence of opportunities to achieve capabilities to be sheltered, well nourished, adequately clothed, healthy, and active in the community† (Chapin, 2014, p.308). This perspectiveRead Moresociety poverty has various definitions that lack the true picture that poverty depicts. Dictionary500 Words   |  2 Pagessociety poverty has various definitions that lack the true picture that poverty depicts. Dictionary defines poverty as â€Å"the state of one who lacks a usual or socially acceptable amount of money on material possessions.† In other words poverty is a situation where a person fail to earn a sufficient amount of income to purchase basic necessities such as food, shelter, clothes etc. In reality, poverty is much more than the capital resources. According to Laster Brown explained poverty as â€Å"the worldRead MorePoverty Is A Global Concern And Its Eradication1376 Words   |  6 Pages Poverty is a global concern and its eradication is becoming surmountable. This is primarily due to the challenges posed by international and national causes respectively. Besides, the complexity of the phenomenon has not lend itself to be easily eradicated. Little wonder the world continues to struggle to eradicate poverty. Africa is one of the poorest countries on the universe and research and data show that Sierra Leone is one of the poorest countries in Sub-Sahara (UNDP, 2015). Sierra Leone’sRead MorePoverty and Destitution1299 Words   |  6 PagesDefining Poverty Poverty has been defined in many different ways. Some attempt to reduce it to numbers, while others believe that a more vague definition must be used. In the end, a combination of both methods is best. DiNitto and Cummins (2007), in their book â€Å"Social Welfare, Politics and Public Policy,† present six definitions and explanations of poverty. Social reformers Webb and Webb (1911) present another angle on poverty. Essentially, all definitions are correct, the debate is of whichRead MorePoverty Is A Problem That Affects Millions Of People On A Daily Basis1387 Words   |  6 PagesPoverty is a problem that affects millions of people on a daily basis. It is a topic that has been highly debated for many years in politics, between academics and with regular people. The problem that is debated is how to define it, how it should measure and who should be able to dictate these things. A broad definition of poverty is â€Å"the state of having little or no money, goods, or the means of support† (http://dictionary.reference.com). Poverty can be said to have many different definitions butRead MorePovertyin the World811 Words   |  3 PagesPoverty evokes various definitions depending on the audience and perhaps the purpose or context that it is used. Limiting the definition of poverty to a ‘value judgment’ is of little use in terms of agreeing on a definition for the purpose of comparison and measurement between groups (Sen 1979, p.285). A clear definition of poverty supports and indicates the process for measurement, and as such would also assist in determining the focus and approach for development (Clark 2012; Ruggeri, Saith Read MoreThe Cause And Causes Of Poverty1325 Words   |  6 Pagesissue of poverty. According to the Business dictionary, poverty is a â€Å"Condition where people s basic needs for food, clothing, and shelter are not being met†. Due to the serious effects and causes of poverty, it has always been an imp ortant issue throughout the world. Causes of poverty vary from country to country but the biggest and most common causes are things such as national debt., disabilities, health issues, war, social inequality, lack of education, and natural resources. Poverty comes with

Taxation Law Incidence of Major Australian Taxes

Questions: 1. Calculate the Medicare levy and Medicare levy surcharge payable for the year ended 30 June 2016 for the following taxpayers? (a) An Australian resident, aged 25 years, with a taxable income of $18,000.(b) An Australian resident, eligible for a Seniors tax offset, with a taxable income of $32,000.(c) An Australian resident, aged 45 years, with a taxable income of $45,000.(d) A taxpayer who is not a resident for tax purposes, with a taxable income of $45,000.(e) An Australian company with a taxable income of $2,500,000.(f) An Australian resident, aged 45 years, with a taxable income of $110,000, holding private health insurance.(g) An Australian resident, aged 45 years, with a taxable income of $110,000, and no private health insurance.(h) An Australian resident with a taxable income of $150,000, holding private health insurance for 90 days of the income year.(i) Victor and his wife are Australian residents. Victor has a taxable income of $110,000 and his wife Jackie a taxable income of $75,000. They have no children and no private health insurance.(j) An Australian couple have four children and no private h ospital health insurance. What would be the familys minimum Medicare levy surcharge threshold? 2. You client, Rob, has the following income and deductions for the financial year ended 30 June 2015: salary, $32,000; bank interest received, $150; and allowable deductions for special work clothing, $450. Robs employer has deducted $2600 as PAYG tax from his salary during the year? 3. During the current income year Rafael, a resident taxpayer, has a gross salary of $68,000 (PAYG tax withheld $15,100), a fully franked dividend of $2,000, an unfranked dividend of $1,000, and a 60% franked dividend of $900? Answers: 1(A). Statement of Medicare Levy and Medicare surcharge payable Particulars Amount ($) Taxable Income 18,000.00 Medicare Levy 0 Medicare Levy Surcharge 0 Medicare Levy and Surcharge 0 B. Statement of Medicare Levy and Medicare surcharge payable Particulars Amount ($) Taxable Income 32,000.00 Medicare Levy 0 Medicare Levy Surcharge 0 Medicare Levy and Surcharge 0 C. Statement of Medicare Levy and Medicare surcharge payable Particulars Amount ($) Taxable Income 45000.00 Medicare Levy 900.00 Medicare Levy Surcharge 0.00 Medicare Levy and Surcharge 900.00 D. Statement of Medicare Levy and Medicare surcharge payable Particulars Amount ($) Taxable Income 45000.00 Medicare Levy 0.00 Medicare Levy Surcharge 0.00 Medicare Levy and Surcharge 0.00 E. Statement of Medicare Levy and Medicare surcharge payable Particulars Amount ($) Taxable Income 25,00,000.00 Medicare Levy 0.00 Medicare Levy Surcharge 0.00 Medicare Levy and Surcharge 0.00 F. Statement of Medicare Levy and Medicare surcharge payable Particulars Amount ($) Taxable Income $ 1,10,000.00 Medicare Levy $ 2,200.00 Medicare Levy Surcharge 0 Medicare Levy and Surcharge $ 2,200.00 G. Statement of Medicare Levy and Medicare surcharge payable Particulars Amount ($) Taxable Income 110000.00 Medicare Levy 2200.00 Medicare Levy Surcharge 27.50 Medicare Levy and Surcharge 2227.50 H. Statement of Medicare Levy and Medicare surcharge payable Particulars Amount ($) Taxable Income 150000.00 Medicare Levy 3000.00 Medicare Levy Surcharge 45.00 Medicare Levy and Surcharge 3045.00 I. Statement of Medicare Levy and Medicare surcharge payable Particulars Amount ($) Taxable Income 110000.00 Medicare Levy 2200.00 Medicare Levy Surcharge 33.00 Medicare Levy and Surcharge 2233.00 J. Statement of Minimum threshold Particulars Amount ($) Minimum threshold (A) 900000.00 Threshold increase per child 1500.00 Number of child after the first child 3.00 Total increase in threshold (B) 4500.00 Total Minimum Threshold (A+B) 904500.00 3. Computation of Rob Income For the year ended 30 June 2015 Particulars Amt ($) Net Salary 32000 Add: Bank Interest Received 150 Add: Pay G 2600 Total Income 34750 Less: Deductions 450 Taxable Income under 4-15 ITAA 1997 34300 Taxable Payable under ITRA 1986 3059 Medicare levy 686 Less: Pay G 2600 Tax payable 1145 4. Computation of Rafael Income For the year ended ... Particulars Amt ($) Assessable Income 68000 Fully franked dividend Franking credit 600 Unfranked Credit 1400 60% Franked Dividend Franking credit 162 Unfranked Credit 738 Unfranked Dividend 1000 Total Income 71900 Taxable Income under 4-15 ITAA 1997 71900 Tax on taxable income 14914.5 Medicare Levy 1438 Franking credit 762 PAYG 15100 Total Tax Payable 490.50 References Barkoczy, S., 2016. Foundations of Taxation Law 2016.OUP Catalogue. Cao, L., Hosking, A., Kouparitsas, M., Mullaly, D., Rimmer, X., Shi, Q., Stark, W. and Wende, S., 2015. Understanding the economy-wide efficiency and incidence of major Australian taxes.Treasury WP,1. Eckermann, S. and Sheridan, L., 2016. Supporting Medicare Health, Equity and Efficiency in Australia: Policies Undermining Bulk Billing Need to Be Scrapped.Applied health economics and health policy,14(5), pp.511-514. Hayward, R., 2014.Valuation: principles into practice. Taylor Francis. Miller, A. and Oats, L., 2016.Principles of international taxation. Bloomsbury Publishing. Snape, J. and De Souza, J., 2016.Environmental taxation law: policy, contexts and practice. Routledge.

The Ayckbourn sting Essay Example For Students

The Ayckbourn sting Essay Unofficially, and without ever planning it, the city of Seattle has become the site of an Alan Ayckbourn performance festival. Three theatres have independently slated Ayckbourn productions running into the fall, including Seattle Childrens Theatres Invisible Friends, and Intiman Theatre Companys How the Other Half Loves. The major theatres have gotten into a slapjack game over the prolific Britishers plays, waiting for rights to come available and grabbing them when they can. One of the consistent winners is A Contemporary Theatre, which scores a minor coup with its upcoming American premiere of Ayckbourns two-part The Revengers Comedies. We will write a custom essay on The Ayckbourn sting specifically for you for only $16.38 $13.9/page Order now That an English-to-the-core playwright who works exclusively out of his home theatre in Scarborough has become a box-office draw in Seattle may seem striking but the fact is that Ayckbourns plays have regularly taken root in the most unlikely soil. As the playwright himself puts it, The British critics are really perplexed at the way the work seems to have traveled, and I just say, |Well, I write about human relationships, really, and most of these countries have human beings in them. Its different customs that disguise behavior. ACT artistic director Jeff Steitzer, who is staging The Revengers Comedies July 18-Aug. 30, finds Ayckbourns stateside status very odd, a case of mistaken identification as the English Neil Simon. Ayckbourn lures the audience in order to push some uncomfortable truths, he suggests. His plays are very, very funny, but his characters are all painfully recognizable. And they fit the ACT ensemble very well, he adds, particularly actors known for what he calls the Seattle style. I think were talking about a certain comic sensibility, says Steitzer. In other plays it can be a stumbling block for Seattle actors. You just dont see the kinds of things, for instance, that the Steppenwolf company does in Chicago   that visceral, dynamic, proletarian style. Seattle is headier, and people look at things with a comic eye, even if theres a dark strain running through it. Thats as apt a description of The Revengers Comedies as it is of the companys approach to playing it. The practical side of the production will be at least as challenging as finding the right seriocomic tone   the play is shown in two parts, which means getting the audience in for both a matinee and evening performance, or on successive dates. The tech crew has assistance from Ayckbourn himself, who has supplied the theatre with his own recording of the plays 100-plus sound cues. He puts a high premium on engaging the audiences active, imaginative participation, Steitzer says. ACTs history with Ayckbourn extends back to the 1970s, when the writer found his plays being described as frothy little dramas and dazzling champagne cocktails of enjoyment. He has since started pouring heavier spirits in the glasses, and ACT audiences have been happily lapping up the resultant brew   such recent productions as Woman in Mind (1989) and A Chorus of Disapproval (1988). Steitzer intends to be ready when the next opportunity for Ayckbourn comes along and the wait isnt likely to be long. Ayckbourns schedule has produced plays on a yearly basis, along with works for young audiences (plays between plays he calls them). Whatever Ayckbourn writes, its virtually guaranteed performance in Seattle. Now if only he could find the time to visit.