APPLIED ECO

• RA. 11032- adamption of simplified requirements and procedures.

                   - law provide zero contacts
• TAX AMNESTY OF RA 11213- tax benefitting

  TWO TYPES:

  1. ESTATE TAX AMNESTY

  2. TAX AMNESTY OF DELIQUENCIES
• TRABAHO BILL- holiday incentive
• AMBISYON NATIN 2040 -passing of major laws (under of trabaho bill and trainbill)
• PROGRESSIVE TAX POWER- increase portion depends on marginal rate.
• NAT INTERNAL REVENUE CODE- tax professionql (ex. mga doctors, lawyers)
• 1987 PHILIPPINE CONSTITUTION- limitation and exercise of power tax.

  1. Requirements of uniformity and equity

  2. Prohibition of taxation of religious

  3. Prohibition of taxatation appropriation
• WAGE- monetary compensation paid by employees
• RENT CONTROL ACT- of 2009
• GREEN JOBS OF 2016- preservation and restoratiom
• BUILD, BUILD, BUILD- design to make up inadequencies
• SALARY- money paid at work service
• INTEREST- provide knowledge and skill of employees want.
• COMPANY PERKS- (ex. employee pers and incentibe are additional benefits)
• 1. STOCK- paper investment, its not like property to manage
• GROWTH STOCKS- no dividend at all (reinvents profit growth
• HIGH DIVIDEND STOCKS- prospect of capital appreciation
• BONDS- bearing certificate terms of 10-30yrs
• REAL ESTATE- alternative to stock, best long term investment
• TWO WAYS TO MAKE MONEY:

  • RENTAL INCOME

  • CAPITAL APPRECIATON
• TAX SHELTERED RETIREMENT PLANS- not actual investment but get important benefits
• ANNUTIES- solid investment and more investment contract
• SHOR TERM- highly liquid turn into cash
• SAVING ACCOUNT- PDI
• CORPORATE BOND FUNDS- consider safe pay interest
• GOVERNMENT BOND FUNS- not insured under PDIC
• MONEY MAKE ACCOUNTS- higher interest rate proted PDIC
• CERTIFICATION DEPOSIT- refered as time deposit