A Career Process Preparing For Career Success - 765 Words

Preparing for Career Success Taxation is which the government finance the expenditures by setting charges on the corporate entities and individuals, it’s usually used to encourage an economic decision and to fund different public expenditures. Moreover, it finances the public goods and services such as, streets cleaning and lighting. Because of that the UAE is planning to start collecting a value added tax at 5% in the beginning of 2018. Which can be a strong tool to help achieving the goals of the social progress and the economic development. Individual Taxation Personal income tax is a direct tax paid from the personal income for an individual or a person. Person could be an individual or an ordinary partnership which is liable to†¦show more content†¦There are many types of business taxes, employment tax, value added tax, corporates franchise tax. In case of having employee the federal tax requires an employment tax including social security and medicare tax. Insurance and petroleum extraction companies will always pay an additional tax. Businesses tax against the profits earned by a given taxable period. Business can receive a tax deduction for qualify charitable contributions. Challenges This course was very helpful specially for the coming changes that will occur in the few coming months. Although we faced some challenges during the course. Starting will the tax rates schedule, when I use the schedule I need to focus and be so accurate when using the number because a single mistake could change the whole calculation. The tax calculations are new to us so this could take time until we get used to it. Secondly, as taxpayer should be smart and try to pay the least taxes which means understanding the law in depth and having information on their liabilities and obligations. Moreover, I face a challenge in differentiating between a tax credit and a tax deduction, both of the two can save your money but in totally different ways. Experience The first challenge faced is the group formation, some of the students want a group of 4 while others want a group of 6 which made us losing some of the time in such a thing. After that we organized the work to complete theShow MoreRelatedProviding Quality Career Development And Leadership Programs1524 Words   |  7 PagesProviding Quality Career Development within Youth Development and Leadership Programs Introduction â€Å"What do you want to do for a living?† This is a question dreaded by many young people. The question assumes that youth have had opportunities that are to make an informed decision about their future. As a youth service professional or someone volunteering his or her time with youth, you might be wondering how you can support youth to think about their futures, and provide them with concrete informationRead MoreImportance of the Decision Making Concept:879 Words   |  4 Pageslife and work because of its strong link to success and effectiveness. 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This analysis should include the identificationRead MoreCollege Is Not For College1486 Words   |  6 PagesIntroducing students to college in middle school will improve college access. One benefit of early college exposure is that students and parents will receive more information on financial aid and scholarships. For someone who is not familiar with the process to get to college, locating and applying for scholarships and financial aid can be confusing. Early exposure eliminates confusion by making this information available sooner to give students and parents more time to sort through it. The article â€Å"Facilitating