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Deferred compensation plans are an excellent way to save for retirement. Your client, Melissa, is 30 years old and her AGI is $75,000. Melissa does not participate in an employer- sponsored retirement plan and has approached you for advice. Would you recommend Melissa invest in a traditional IRA or a Roth IRA and why? What are the benefits of investing in an employer- sponsored plan? Melissa would like to return to school to earn a master's degree and she would like to purchase a house within the next 5 years. How will these plans be affected by investing in a deferred compensation plan?

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Critically analyse the redistributive effect of Income Tax reform in Bulgaria 2008 and Spain 2015 ...

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Susie is an avid inventor and works long hours in her laboratory developing weird and wonderful machines. She is most proud of her new lawnmower ‘Dynamow’ capable of being activated by voice directions. Susie patented this amazing new product, and entered into an exclusive licensing agre ...

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Task: Question 1 Required Advise Philip and Kim of the tax implications of selling either property and any amount that would be included in the calculation of taxable income by Philip and Kim (you are NOT required to calculate any possible tax payable). Your advice is to take the form of a repor ...

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Topic:Guide to Canadian Tax system for individuals recently arrived in Canada (e.g. resident, non resident, filing requirements) Requirements: Reference at least one primary source (a statute, regulation, case), and two secondary sources (commentary from CRA, industry groups...). Close the loop iden ...

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