situation: you are making a your o-w-n- -p-e-r-s-o-n-a-l- -s-t-r-a-t-e-g-y- -p-l-a-n To do make a -p-e-r-s-o-n-a-l- -r-e-f-l-e-c-t-i-o-n- about the given situation. Please don't use -A-I- -t-o-o-l- -(-c-h-a--t-G-P-T-)- -I want a --p-e-r-s-o-n-a-l- work and opinion Willing to give excellent feedback

situation: you are making a your o-w-n- -p-e-r-s-o-n-a-l- -s-t-r-a-t-e-g-y- -p-l-a-n To do make a -p-e-r-s-o-n-a-l- -r-e-f-l-e-c-t-i-o-n- about the given situation. Please don't use -A-I- -t-o-o-l- -(-c-h-a--t-G-P-T-)- -I want a --p-e-r-s-o-n-a-l- work and opinion Willing to give excellent feedback

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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-I-N-S-T-R-U-C-T-I-O-N- : Please help me c-o-m-p-r-e-h-e-n-d- -m-y- -s-t-r-a-t-e-g-i-c- -p-l-a-n- -f-o-r- -m-y-s-e-l-f- -b-y- -d-e-s-c-r-i-b-i-n-g- -m-y- -b-a-c-k-g-r-o-u-n-d-, i-n-c-l-u-d-i-n-g- -b-u-t- -n-o-t- -l-i-m-i-t-e-d- -t-o- -m-y- -f-a-m-i-l-y, s-c-h-o-o-l-i-n-g-, p-l-a-c-e- -o-f- -g-r-o-w-i-n-g- -u-p-, d-i-f-f-i-c-u-l-t-i-e-s- -I-'-v-e- -f-a-c-e-d-, a-c-c-o-m-p-l-i-s-h-m-e-n-t-s-, i-n-t-e-r-e-s-t-s-, a-n-d- -o-t-h-e-r- i-m-p-o-r-t-a-n-t- -i-n-f-o-r-m-a-t-i-o-n- -t-h-a-t- -c-o-u-l-d- -b-e- -u-s-e-d- -t-o- -d-e-v-e-l-o-p- -t-h-i-s- -p-l-a-n- -e-f-f-i-c-i-e-n-t-l-y. D-e-s-c-r-i-b-e- -m-y- -c-u-r-r-e-n-t- -g-o-a-l-s-,- -p-r-i-o-r-i-t-i-e-s-,- -a-n-d- -i-n-t-e-r-e-s-t-s- -o-n- -a- -p-e-r-s-o-n-a-l- -l-e-v-e-l-.- -I-n-f-o-r-m-a-t-i-o-n- -a-b-o-u-t- -m-y- -f-a-m-i-l-y-,- -f-r-i-e-n-d-s-,- -a-n-d- -p-r-o-f-e-s-s-i-o-n-a-l- -c-a-r-e-e-r- -m-a-y- -b-e- -i-nc-l-u-d-e-d-. N-a-m-e: Anna A-g-e: 23 I’m the youngest out of 4 siblings S-c-h-o-o-l-i-n-g-: I’ve been graduated in…
A-n-s-w-e-r- -t-h-e- -f-o-l-l-o-w-i-n-g- -q-u-e-s-t-i-o-n -(-i-n- -b-u-l-l-e-t- -p-o-i-n-t-s- -f-o-r-m-)- -i-n- -P-h-i-l-i-p-p-i-n-e-s- -b-a-s-e- -m-a-r-k-e-t- --of-- M-c-d-o-n-a-l-d-'--s-,- -J-o-l-l-i-b-e-e- -a-n-d- -K-F-C- -G-i-v--e- -3- -p-r-i-c-i-n-g- -s-t-a-t-e-g-y- -d-o-e-s- -M-c-d-o-,- -J-o-l-l-i-b-e-e- -a-n-d- -k-f-c- -h-a-s- -i-n- -t-h-e- -p-h-i-l-i-p-p-i-n-e-s- -G-i-v-e- -3- -m-e-n-u-'-s- -m-c-d-o-,- -j-o-l-l-i-b-e-e- -a-n-d- -k-f-c- -o-f-f-e-r- -t-o- -t-h-e- -p-u-b-l-i-c- -G-i-v-e-- 3- -p-r-o-m-o-t-i-o-n-a-l- -a-c-t-i-v-i-t-i-e-s- -d-o-e-s- -m-c-d-o-n-a-l-d-'-s-,- -j-o-l-l-i-b-e-e-,- -a-n-d- -k-f-c- -G-i-v-e- -3- -c-u-s-t-o-m-e-r- -s-e-r-v-i-c-e- -i-n-i-t-i-a-t-i-v-e-s- -o-f- -m-c-d-on-a-l-d-'-s-,- -j-o-l-l-i-b-e-e- -a-n-d- -k-f-c- -G-i-v-e- -3- -l-o-ya-l-t-y- -p-r-o-g-r-a-m-s- -o-f- -m-c-d-o-n-a-l-d-s-,- -j-o-l-l-i-b-e-e- -a-n-d- -k-f-c- -G-i-v-e- -3- -m-e-n-u- -a-d-a-p-t-i-o-n- -o-f- -m-c-d-o-n-a-l-d-'-s-,- -j-o-l-l-i-b-e-e- -a-n-d- -k-f-c- -G-i-v-e- -3-…
P-l-e-a-s-e- -a-n-s-w-e-r- -t-h-e- -f-o-l-l-o-w-i-n-g- -b-a-s-e- -i-n- -P-h-i-l-i-p-p-i-n-e- -i-n-c-o-m-e- -T-a-x-a-t-i-o-n: (a-s- -m-u-c-h- -a-s- -p-o-s-s-i-b-l-e- -p-l-e-a-s-e- -s-t-a-t-e- -a- -p-r-o-v-i-s-i-o-n) A-r-e- -i-n-t-e-r-e-s-t- -e-a-r-n-e-d- -a-n-d- -g-a-i-n- -r-e-a-l-i-z-e-d- -f-r-o-m- -c-e-r-t-i-f-i-c-a-t-e- -o-f- -i-n-d-e-b-t-e-d-n-e-s-s- -w-i-t-h- -m-a-t-u-r-i-t-y- -o-f- -m-o-r-e- -t-h-a-n- -5- -y-e-a-r-s-,- -e-x-e-m-p-t- -f-r-o-m- -i-n-c-o-m-e- -t-a-x-?- -E-x-p-l-a-i-n-. A-r-e- -a-l-l- -r-e-t-i-r-e-m-e-n-t- -b-e-n-e-f-i-t- -p-l-a-n-s- -r-e-q-u-i-r-e-d- -t-o- -b-e- -a-p-p-r-o-v-e-d- -b-y- -t-h-e- -B-I-R- -t-o- -b-e- -e-x-e--m-p-t- -f-r-om- -t-a-x-? D-i-f-f-e-r-e-n-t-i-a-t-e- -t-h-e- -a-l-l-o-w-a-b-l-e- -O-S-D- -f-o-r- -i-n-d-i-v-i-d-u-a-l- -f-r-o-m- -t-h-a-t- -o-f- -t-h-e-.- -c-o-r-p-o-r-a-t-i-o-n-.
P-l-e-a-s-e- -a-n-s-w-e-r- -t-h-e- -f-o-l-l-o-w-i-n-g- -b-a-s-e- -i-n- -P-h-i-l-i-p-p-i-n-e- -i-n-c-o-m-e- -T-a-x-a-t-i-o-n: A-r-e- -l-i-f-e- -i-n-s-u-r-a-n-c-e- -p-r-e-m-i-u-m-s- -p-a-i-d- -b-y- -e-m-p-l-o-y-e-r- -o-n- -i-n-s-u-r-a-n-c-e- -p-o-l-i-c-y- -o-f- -e-m-p-l-o-y-e-e- -t-a-x-a-b-l-e- -i-n-c-o-m-e- -o-f- --e-m-p-l-o-y-e-e-?- E-x-p-l-a-i-n A-r-e- -r-e-t-u-r-n-s- -o-f- -i-n-s-u-r-a-n-c-e- -p-r-e-m-i-u-m- -p-a-i-d- -t-a-x-a-b-l-e- -i-n-c-o-m-e- -o-f- -r-e-c-i-p-i-e-n-t-? E-x-p-l-a-i-n- W-h-y- -i-s- -g-i-f-t- -n-o-t- -s-u-b-j-e-c-t- -t-o- -i-n-c-om-e- -t-a-x-? E-n-u-m-e-r-a-t-e- -a-t- -l-e-a-s-t- -f-i-v-e- -e-x-a-m-p-l-e-s- -o-f- -n-o-n-t-a-x-a-b-l-e- -r-e-c-o-v-e-r-i-e-s- -o-f- -d-a-m-a-g-e-s- -a-n-d- -f-i-v-e- -e-x-a-m-p-l-e-s- -o-f- -t-a-x-a-b-l-e- -r-e-c-o-v-e-r-i-e-s- -o-f- -d-a-m-a-g-e-s-.- E-n-u-m-e-r-a-t-e- -t-h-e- -n-o-n-t-a-x-a-b-l-e- -r-e-t-i-r-e-m-e-n-t- -b-e-n-e-f-i-t-s-,- -p-e-n-s-i-o-n- -a-n-d- -g-r-a-t-u-i-t-i-e-s-.-
P-l-e-a-s-e- -a-n-s-w-e-r- -t-h-e- -f-o-l-l-o-w-i-n-g- -b-a-s-e- -i-n- -P-h-i-l-i-p-p-i-n-e- -i-n-c-o-m-e- -T-a-x-a-t-i-o-n: (a-s- -m-u-c-h- -a-s- -p-o-s-s-i-b-l-e- -p-l-e-a-s-e- -s-t-a-t-e- -a- -p-r-o-v-i-s-i-o-n) W-h-a-t- -i-s- -a- -B-a-r-a-n-g-a-y- -M-i-c-r-o- -B-u-s-i-n-e-s-s- -E-n-t-e-r-p-r-i-s-e-? G-i-v-e- -e-x-a-m-p-l-e-s- -o-f- -t-h-e- -t-a-x-a-b-l-e- -i-n-c-o-m-e- -o-f- -a- -c-o-o-p-e-r-a-t-i-v-e-.- E-xp-l-a-i-n- -t-h-e- -t-a-x- -a-r-b-i-t-r-a-g-e- -o-n-- -i-nt-e-r-e-s-t- -e-x-p-e-n-s-e- -s-u-b-j-e-c-t- -t-o- -l-i-m-i-t--. W-h-a-t- a-r-e- -t-h-e- -t-w-o- -a-l-l-o-w-e-d- -o-p-t-i-o-n-s- -i-n- -t-h-e- -t-r-e-a-t-m-e-n-t- -o-f- -i-n-t-e-r-e-s-t- -e-x-p-e-n-s-e- -i-n-c-u-r-r-e-d- -i-n- -r-e-l-a-t-i-o-n- -t-o- -c-a-p-i-t-a-l- -e-x-p-e-n-d-i-t-u-r-e-s-?- E-n-u-m-e-r-a-t-e -t-he- -t-a-x-e-s -t-h-a-t- -a-r-e- -d-e-d-u-c-t-i-b-l-e- -f-r-om- -g-r-o-s-s- -r-e-p-o-r-t-a-b-l-e- -i-n-c-o-m--e-.
P-l-e-a-s-e- -a-n-s-w-e-r- -t-h-e- -f-o-l-l-o-w-i-n-g- -b-a-s-e- -i-n- -P-h-i-l-i-p-p-i-n-e- -i-n-c-o-m-e- -T-a-x-a-t-i-o-n: (a-s- -m-u-c-h- -a-s- -p-o-s-s-i-b-l-e- -p-l-e-a-s-e- -s-t-a-t-e- -a- -p-r-o-v-i-s-i-o-n) W-h-a-t- -a-r-e- -t-h-e- -t-w-o- -a-l-t-e-r-n-a-t-i-v-e- -t-r-e-a-t-m-e-n-t-s- -o-f- -c-a-p-i-t-a-l- -e-x-p-e-n-d-i-t-u-r-e-s- -i-n-c-u-r-r-e-d- -b-y- -p-r-i-v-a-t-e- -e-d-u-c-a-t-i-o-n-a-l- -i-n-s-t-i-t-u-t-i-o-n-? -W-h-a-t -a-r-e- --t-h-e- -l-i-m-i-t-s- -f-o-r- -t-h-e- -a-m-o-u-n-t- -o-f- -c-h-a-r-i-t-a-b-le- -c-o-n-t-r-i-b-u-t-i-o-n-s- -t-h-a-t- -c-o-u-l-d- -b-e- -d-e-d-u-c-t-e-d- -f-r-o-m- -g-r-o-s-s- -b-u-s-i-n-e-s-s- -i-n-c-o-m-e-? W-h-y- -a-r-e- -c-o-n-t-r-i-b-u-t--io--n-s -t-o- -p-o-l-i-t-i-c-a-l- -p-a-r-t-i-e-s- -n-o-n-d-e-d-u-c-t-i-b-l-e- -f-r-o-m- -g-r-o-s-s- -i-n-c-o-m-e-?-
P-l-e-a-s-e- -a-n-s-w-e-r- -t-h-e- -f-o-l-l-o-w-i-n-g- -b-a-s-e- -i-n- -P-h-i-l-i-p-p-i-n-e- -i-n-c-o-m-e- -T-a-x-a-t-i-o-n: (a-s- -m-u-c-h- -a-s- -p-o-s-s-i-b-l-e- -p-l-e-a-s-e- -s-t-a-t-e- -a- -p-r-o-v-i-s-i-o-n) W-h-a-t- -a-r-e- -t-h-e- -l-i-m-i-t-s- -f-o-r- -t-h-e- -a-m-o-u-n-t -o-f- -c-h-a-r-i-t-a-b-l--e- -c-o-n-t-r-i-b-u-t-i-o-n-s- -t-h-a-t- -c-o-u-l-d- -b-e- -d-e-d-u-c-t-e-d- -f-r-o-m- -g-r-o-s-s- -b-u-s-i-n-e-s-s- -i-n-c-o-m-e-?- W-h-y- -a-r-e- -c-o-n-t-r-i-b-u-t-i-o-n-s- -t-o- -p-o-l-i-t-i-c-a-l- -p-a-r-t-i-e-s- -n-o-n-d-e-d-u-c-t-i-b-l-e- -f-r-o-m- -g-r-o-s-s- -i-n-c-o-m-e-?- E-x-p-l-a-i-n- -t-h-e- -t-a-x- -i-n-c-e-n-t-i-v-e-s- -t-o- -a-d-o-p-t-i-n-g- -p-r-i-v-a-t-e- -e-n-t-i-t-i-e-s- -a-c-c-o-r-d-i-n-g- -t-o- RA 8525 p-a-g-e- -t-o- -y-o-u-r- -p-r-o-f e-s-s-o-r.
P-l-e-a-s-e- -a-n-s-w-e-r- -t-h-e- -f-o-l-l-o-w-i-n-g- -b-a-s-e- -i-n- -P-h-i-l-i-p-p-i-n-e- -i-n-c-o-m-e- -T-a-x-a-t-i-o-n: E-x-p-l-a-i-n- -t-h-e- -n-a-t-u-r-e- -o-f- -"-d-e-d-u-c-t-i-o-n-s- -f-r-o-m- -g-r-o-s-s- -i-n-c-o-m-e-.-" D-i-f-f-e-r-e-n-t-i-a-t-e- -"-r-e-v-e-n-u-e- -e-x-p-e-n-d-i-t-u-r-e-s-"- -f-r-o-m- -"-c-a-p-i-t-a-l- -e-x-p-e-n-d-i-t-u-r-e-s-.-"- -G-i-v-e- -e-x-a-m-p-l-e-s- -f-o-r- -e-a-c-h-. S-t-a-t-e- -t-h-e- -c-o-n-d-i-t-i-o-n-s- -i-n- -o-r-d-e-r- -t-h-a-t- -c-o-s-t-s- -a-f-t-e-r- -a-c-q-u-i-s-i-t-i-o-n- -o-f- -d-e-p-r-e-c-i-a-b-l-e- -a-s-s-e-t-s- -s-h-a-l-l- -b-e- -c-a-p-i-t-a-l-i-z-e-d-.- S-t-a-t-e- -t-h-e- -r-u-l-e- -r-e-g-a-r-d-i-n-g- -s-i-t-u-s- -o-f- -d-e-d-u-c-t-i-b-l-e- -e-x-p-e-n-s-e-s-. W-h-a-t- -a-r-e- -t-h-e- -i-t-e-m-s- -o-f- -e-x-p-e-n-s-e- -t-h-a-t- -a-r-e- -n-o-t- -d-e-d-u-c-t-i-b-l-e- -f-r-o-m- -g-r-o-s-s- i-n-c-o-m-e-?
P-l-e-a-s-e- -a-n-s-w-e-r- -t-h-e- -f-o-l-l-o-w-i-n-g- -b-a-s-e- -i-n- -P-h-i-l-i-p-p-i-n-e- -i-n-c-o-m-e- -T-a-x-a-t-i-o-n: (a-s- -m-u-c-h- -a-s- -p-o-s-s-i-b-l-e- -p-l-e-a-s-e- -s-t-a-t-e- -a- -p-r-o-v-i-s-i-o-n) E-n-u-m-e-r-a-t-e- -t-h-e- -n-o-n-t-a-x-a-b-l-e- -o-t-h-e-r- -r-e-c-e-i-p-t-s-. A-r-e- -"-d-e- -m-i-n-i-m-i-s- -b-e-n-e-f-i-t-s-"- -p-a-r-t- -o-f- -t-h-e- -t-h-e- -1-3-t-h- -m-o-n-t-h- -p-a-y- -a-n-d- -o-t-h-e-r- -b-e-n-e-f-i-t-s- -a-m-o-u-n-t-i-n-g P82,000. A-r-e- -p-r-o-c-e-e-d-s- -o-f- -l-i-f-e- -i-n-s-u-r-a-n-c-e- -e-x-c-l-u-d-e-d- -f-r-o-m- -t-a-x-a-b-l-e- -i-n-c-o-m-e-?- E-n-u-m-e-r-a-t-e- -t-h-e- -t-a-x-p-a-y-e-r-s- -t-h-a-t- -a-r-e- -a-l-l-o-w-e-d- -t-o- -d-e-d-u-c-t- -O-S-D-. C-a-n- -a- -h-u-s-b-a-n-d- -c-l-a-i-m- -O-S-D- -w-h-i-l-e- -t-h-e- -w-i-f-e- -c-l-a-i-m- -i-t-e-m-i-z-e-d- -d-e-d-u-c-t-i-o-n-s- -(-v-i-s-e- -v-e-r-s-a-)- -i-n- -t-h-e-i-r- -c-o-n-s-o-l-i-d-a-t-e-d- -I-T-R-?- -J-u-s-t-i-f-y- -y-o-u-r- -a-n-s-w-e-r-.
P-l-e-a-s-e- -a-n-s-w-e-r- -t-h-e- -f-o-l-l-o-w-i-n-g- -b-a-s-e- -i-n- -P-h-i-l-i-p-p-i-n-e- -i-n-c-o-m-e- -T-a-x-a-t-i-o-n: W-h-e-n- -i-s- -a-n- -e-d-u-c-a-t-i-o-n-a-l- -i-n-s-t-i-t-u-t-i-o-n- -e-x-e-m-p-t- -f-r-o-m- -i-n-c-o-m-e- -t-a-x-? S-t-a-t-e- -t-h-e- -r-u-l-e-s- -w-h-e-n- -a- -s-e-n-i-o-r- -c-i-t-i-z-e-n-'-s- -i-n-c-o-m-e- -i-s- -n-o-t- -s-u-b-j-e-c-t- -t-o- -i-n-c-o-m-e- -t-a-x. A-r-e- -p-r-i-z-e-s- -t-o- -b-e- -a-w-a-r-d-e-d- -t-o- -i-n-d-i-v-i-d-u-a-l- -i-n-v-e-n-t-o-r- -s-u-b-j-e-c-t- -t-o- -t-a-x-?- -W-h-y-? W-h-a-t- -i-s- -a- -B-a-r-a-n-g-a-y- -M-i-c-r-o- -B-u-s-i-n-e-s-s- -E-n-t-e-r-p-r-i-s-e-?- G-i-v-e- -e-x-a-m-p-l-e-s- -o-f- -t-h-e- -t-a-x-a-b-l-e- -i-n-c-o-m-e- -o-f- -a- -c-o-o-p-e-r-a-t-i-v-e-.
P-l-e-a-s-e- -a-n-s-w-e-r- -t-h-e- -f-o-l-l-o-w-i-n-g- -b-a-s-e- -i-n- -P-h-i-l-i-p-p-i-n-e- -i-n-c-o-m-e- -T-a-x-a-t-i-o-n: (a-s- -m-u-c-h- -a-s- -p-o-s-s-i-b-l-e- -p-l-e-a-s-e- -s-t-a-t-e- -a- -p-r-o-v-i-s-i-o-n) G-i-v-e- -t-h-e- -v-a-l-u-a-t-i-o-n- -e-q-u-i-v-a-l-e-n-t-s- -o-f- -a-s-s-i-s-t-a-n-c-e- -o-r- -d-o-n-a-t-i-o-n- -a-s- -s-t-a-t-e-d- -i-n- RA 8525 G-i-v-e- -t-h-e- -a-l-l-o-w-e-d- -t-a-x- -t-r-e-a-t-m-e-n-t-s- -f-o-r- -r-e-s-e-a-r-c-h- -a-n-d- -d-e-v-e-l-o-p-m-e-n-t- -c-o-s-t-. E-n-u-m-e-r-a-t-e- -t-h-e- -s-p-e-c-i-a-l- -d-e-d-u-c-t-i-o-n-s- -f-r-o-m- -g-r-o-s-s- -i-n-c-o-m-e-.- -D-i-s-c-u-s-s- -t-h-e-i-r- -r-e-s-p-e-c-t-i-v-e- -t-a-x- -d-e-d-u-c-t-i-b-i-l-i-t-y- -t-r-e-a-t-m-e-n-t-.
P-l-e-a-s-e- -a-n-s-w-e-r- -t-h-e- -f-o-l-l-o-w-i-n-g- -b-a-s-e- -i-n- -P-h-i-l-i-p-p-i-n-e- -i-n-c-o-m-e- -T-a-x-a-t-i-o-n: (a-s- -m-u-c-h- -a-s- -p-o-s-s-i-b-l-e- -p-l-e-a-s-e- -s-t-a-t-e- -a- -p-r-o-v-i-s-i-o-n) E-x-p-l-a-i-n- -t-h-e- -t-a-x- -i-n-c-e-n-t-i-v-e-s- -t-o- -a-d-o-p-t-i-n-g- -p-r-i-v-a-t-e- -e-n-t-i-t-i-e-s- -a-c-c-o-r-d-i-n-g- -t-o RA 8525 p-a-g-e- --t-o -y-o-u-r- -p-r-o-f-e-s-s-o-r-. A-r-e- -i-n-t-e-r-e-s-t- -e-a-r-n-e-d- -a-n-d- -g-a-i-n- -r-e-a-l-i-z-e-d- -f-r-o-m- -c-e-r-t-i-f-i-c-a-t-e- -o-f- -i-n-d-e-b-t-e-d-n-e-s-s- -w-i-t-h- -m-a-t-u-r-i-t-y- -o-f- -m-o-r-e- -t-h-a-n- -5- -y-e-a-r-s-,- -e-x-e-m-p-t- -f-r-o-m- -i-n-c-o-m-e- -t-a-x-?- -E-x-p-l-a-i-n. A-r-e- -a-l-l- -r-e-t-i-r-e-m-e-n-t- -b-e-n-e-f-i-t -p-l-a-n-s- -r-e-q-u-i-r-e-d- -t-o- -b-e- -a-p-p-r-o-v-e-d- -b-y- -t-h-e- -B-I-R- -t-o- -b-e- -e-x-e-m-p-t- -f-r-o-m- -t-a-x-?-