Global Business Cultural Analysis: South Korea Essay

Worldwide business social examination of the country of South Korea is the focal point of this exploration paper and will address how South Korea is put as an exchanging accomplice with the United States, what is South Korea’s monetary development planned, does China sway South Korea’s financial development, what are the financial ties between North Korea and South Korea, does the travel industry assume a significant job in their economy, what are the significant components and measurements of culture in this district, how are these components and measurements incorporated by local people directing business in this country, how do both of the past things contrast and US culture and business, and what are the suggestions for US business that desire to lead business in that area. South Korea 3 Presentation South Korea has risen various disasters in its ongoing history. â€Å"Korea’s amazing monetary development since the 1960s has been depicted as an East Asian miracle† (Hongshik, 2008). They endure the occupation by Japan, the desolates of the Korean War, all subsequent in destitution and a broken government. These occasions didn't leave South Korea in a situation to contend or take an interest with a developing worldwide economy. Nonetheless, inside ongoing years, South Korea became alive once again to turn into an innovator in correspondence innovation and the car business. A changing worldwide economy has prompted the Koreans to change their administration and used the qualities of their way of life to turn into a formable player in the worldwide market (Lee, 2003). This paper will find how South Korea is situated as an exchanging accomplice with the United States, South Korea’s financial development planned, China’s sway South Korea’s monetary development, the monetary ties between North Korea and South Korea, the job the travel industry plays on its economy, the significant components and measurements of culture in this district. (Correspondences, Religion, Ethics, Values and perspectives, Manners, Customs, Social Structures and Organizations, and Education), how these components and measurements are incorporated by local people leading business in this country, how do both of the past things contrast and US culture and business, and the suggestions for US business that desire to direct business in that area. South Korea 4 Significant components and measurements of culture in South Korea South Korea’s religion can be viewed as a poly-strict society or maybe know as a blend of religion because of the expansion in outsiders. Confucianism, Christianity, Buddhism and Shamanism are only a couple of the primary religions and Islam is one that is developing quick throughout the most recent 50 years. Confucianism immerses South Korean’s every day life and advanced or was presented from the Chinese. In any case, it is most likely better characterized as a lifestyle than a religion. Confucianism was a framework made by Kung Fu-Tzu around 500 BC. Kung Fu-Tzu instructed the framework during when China was upset by battling. He created five ideas to follow. Reasonableness and profound quality, father and child will have a fitting comprehension between themselves, a couple will keep up discrete jobs, the senior will have need, and companions will offer priority to confidence and conviction. Confucianism affects Korean culture by impacting societal position and contacts where Koreans standing is chosen by age, sex, training , family ancestry, riches, work, and administrative way of thinking. Korean’s success is controlled by their contacts. Korean noticeable quality is dictated by age, sex, instruction, family foundation, fortune, work, and administrative way of thinking .Social contacts decide achievement. Heredity and history are significant components on how individuals are treated in an arranged society (Choong, 2012). Buddhism has existed for a large number of years and is considered by numerous not to be a religion however a way to create otherworldly consciousness of one’s genuine self. â€Å"Buddhism broadly prevents the presence from securing oneself. This is generally comprehended to imply that Buddhism prevents the presence from claiming a significant self-existing far beyond the progression of cognizant experience† (Fink, South Korea 5 2012). It doesn't love a God of creation. Globalization has acquainted Buddhism with the world to turn into a worldwide religion (Kitiarsa, 2010). South Korea’s ethic and worth framework has been impacted by the assorted social make up since the Korean War, and the things that impact the Korean individuals are distinctive on how choices are made in different countries. Globalization causes to notice the requirement for understanding business morals and estimations of the way of life a business or company is working with. Late embarrassments have brought into center the requirement for business morals. The US firm, Enron, sought financial protection because of business morals being disregarded and Daewoo had a similar destiny for South Korea. Partnerships have embraced codes of morals to fix their picture to the world. â€Å"Among four individuals focused basic beliefs, human-focused administration/human asset advancement and information sharing were the qualities favored by the administrative gathering. Chiefs put more significance on responsibility esteems, among which dutifulness to the law was altogether underlined by the administrators. Regarding the social duty esteems, the administrative gathering scored higher for the estimation of divulgence with no noteworthy distinction. With regards to the initiative qualities, social obligation, dependable assessment installment, and straightforwardness of information† (Eunsang 2009 11(2), 235-252). Whistleblowing is a significant apparatus to help keep organizations in line and is an idea the Asian nations have embraced. In any case, very little has been accounted for on its encouraging in those nations. Confucian Ethics and Individualism-Collectivism can have an impact on viable whistleblowing. â€Å"Confucian morals had noteworthy however blended impacts on whistleblowing Intentions. The love among father and child negatively affected inner and outer whistleblowing aims, while the differentiation between the jobs of a couple positively affected those expectations. The impacts of cooperation were likewise extraordinary relying upon the particular sorts of community. Level cooperation positively affected the two kinds of whistleblowing goals, though vertical community didn't show any huge impacts on whistleblowing expectations. These outcomes show that social characteristics, for example, Confucian morals and community may influence an individual’s whistleblowing intentions†( Park, 2005 58(4), 387-403). Morals and qualities in the advertising field likewise assume a huge job a business when managing on a global level. The situational condition tis confounded, and feelings are contending the vast majority of time. An issue of moral relativism exists for every circumstance. Advertising Society of America’s (PRSA’s) new Code of Ethics despite everything contains this mind boggling issue of moral relativism. The PRSA Code of Ethics 2000 gives free progression of data as â€Å"Protecting and propelling the free progression of exact and honest data is basic to serving the open intrigue and adding to educated dynamic in a popularity based society.† Simultaneously PRSA code suggests (1) to maintain a strategic distance from â€Å"real, potential, or saw clashes of interest† so as to fabricate â€Å"the trust of customers, businesses, and the publics,† and (2) to secure secret and private data of clients.(Yungwook, 2003,42(3), 209-223).The food industry is another region of open concern and enthusiasm for values and moral conduct of those associated with bringing in meat . The Korea U.S. Unhindered commerce Agreement (KORUS FTA) encouraged the capacity for U.S. hamburger provided to South Korea. In any case, people in general fought because of worries that security rules for dealing with meat were not followed and brought about doubt of the open authorities (Kim,2009). Mentalities of the South Koreans are impacted by the dynamic different social, and globalization. South Korean undergrads appear to be supportive of globalization. In any case, the South Korean females were progressively careful concerning globalization (Suplico, 2008). This data gives great knowledge into future or potential globalized buyers. Precisely how a nation or country directs its habits presents a difficult concern when various societies communicate. Non-verbal communication, standing excessively close, grinning, a hand shake, bowing, taking your shoes off before going into a territory or house, and tone of the voice, are only a portion of the manners in which individuals interface and can affront somebody without comprehending what they did to affront or outrage an individual or gathering. Thus, it is essential to get the hang of all that you can about the way of life before you work with them. South Korea customs have developed and changed throughout the years yet they despite everything have solid family securities, practice Confucianism, have expand weddings, extraordinary rice dishes, eat with slash sticks, and customary Tae Kwon Do hand to hand fighting. Social Structure in South Korea changed in the course of recent years on a few fronts. The family structure is adjusted because of the family size evolving. The estimation of a youngster is essential to the Korean family. The motivation to have kids is mental, and the explanation not to have youngsters is because of financial aspects. â€Å"A individual was not viewed as complete, or as a grown-up, until the person in question had a kid. Not having the option to have a youngster, particularly a kid, was viewed as an individual and family catastrophe. It implied that a person’s future was in danger since their kids would not succeed them and the family line may reach a conclusion. It was incomprehensible that an individual would decide not to have kids. Be that as it may, with modernization, youthful Korean moms are deciding to have far less youngsters (on the normal one kid) than their folks (four kids) and their gr

The British Empire in Africa

The British Empire in Africa How far do you concur that changing perspectives to Empire inside Britain clarify both extension and the destroying of British magnificent force in Africa? The British Empire started to venture into Africa in 1880 and by 1913 the realm had command more than 458 million individuals and 25% of the universes land. Anyway by 1981 the British Empire had reached a conclusion after it could no longer bear the cost of the upkeep of such a major Empire. English inclusion in Africa was a period that saw numerous changes, some financial, some worldwide and political changes, which thusly prompted numerous alterations in Africa itself. Thusly these progressions influenced mentalities of the British government and general feeling and without a doubt affected key choices about both development and disassembly in Africa. Englands first mediation in Africa happened in Egypt. Egypt was a piece of the Turkish Empire in 1882 however discontent lead to national revolts that terrified Britain. Following the acquisition of the Suez Canal partakes in 1875, British money related and exchanging premiums had developed in the zone. England couldn't permit her interests in Egypt endangered, as Egypt was an indispensable course to India. As a result of attempting to secure these speculations Britain involved Egypt for a long time longer than hostile to radical Gladstone had trusted. This brought about further regional control for Britain; unwittingly Gladstone had extended the British Empire and lighted the change from casual guideline to formal occupation in North Africa. This was all vital as it was done to ensure financial interests of the domain, just as tying down the course to India. The venture into the Sudan was equivalent to that of Egypt as it was accidental. Indeed Britain got attracted because of an uprising in the territory. Gladstones first activity was to put down this distress as he sent General Gordon who was an accomplished and esteemed fighter to empty British and Egyptian nationals from the Sudan to keep any damage from happening to them. Regardless of this General Gordon defied these requests with an expectation of gaining more land for the domain, bringing about his group and himself getting butchered two days before a British power was sent to support them. Development of the realm now was fortuitous and unforeseen as the extension in North Africa was the result of a spontaneous approach to abuse financial advantages and guarantee soundness in the locales to think about British monetary interests. Anyway it was a defining moment in mentalities towards Africa as the control of Egypt brought about the scramble for Africa between European forces. Extension stayed casual . Anyway Men on the spot, for example, Cecil Rhodes, George Goldie and Sir William McKinnon impacted the focal government and manufactured their own prosperity through transportation exchange and selling regular assets. England needed the West Coast of Africa for its palm oil. The palm oil assets of West Africa were engaging as palm oil was utilized as a modern grease and was the base for cleansers and candles. Anyway this association was not one of formal guideline but instead casual exchange. It is critical that Britain was just required for financial reasons and didn't gangs any philosophy of growing toward the west. England assumed responsibility for West Africa basically on the grounds that the area was insecure because of neighborhood opposition and interests of other European forces. In 1885 Chamberlain sent in a British power to help George Goldie so as to make sure about the area for British interests against both the Ashanti and the French John Gallagher and Ronald Robinson, in their audit of The Imperialism of Free Trade, Vol. VI, no. 1 (1953) accentuate the monetary significance of casual domain to the British government. All things considered Britain was in an issue, as it could no longer comply with its casual guideline if other European forces built up their power over West Africa. This brought about further hesitant extension and expanded help for men on the spot, as Britain couldn't permit other European nations to control land in West Africa, which could c ompromise their exchange advantages. England was by and by crashed into East Africa because of exchange advantages and dread of European opponents, massive rivalry from Germany brought about Britain giving help for McKinnon to build up the East Africa Company to battle the German East Africa Company. The adjustment in the administrations perspectives was a consequence of looking to spare the realm because of the tremendous rivalry it was encountering at that point. Cecil Rhodes was the most prevailing individual in the push for British development in South Africa. He was an individual from the Cape parliament .It was certain that his vision was to extend the domain over all of Africa as he considered this to be his feeling of supreme fate. His development in South Africa was all around arranged anyway this time the British government bolstered the extension as Rhodes had the option to convince the British government to concede a sanction to frame the British African organization. This was a change as the focal government was supporting this development to South Africa, it was Joseph Chamberlain who energized Rhodes in gaining more land. The administration effectively upheld him, as they expected to keep other European force from having impact and force in the territory and furthermore they understood the enormous affordable advantages of South Africa. This prompted a difference between the Boers who were relatives of the Dutch pioneers in South Africa and the British. The Boers detested the approaches of Joseph Chamberlain, which they figured he would expel their opportunity of freedom and furthermore they hated the British for taking their common assets like gold and minerals. Along these lines with gear from the Germans the war between the Boers and the British had flared. This war would effectsly affect the two sides as the Boers land got crushed and many were sent to loathsome inhumane imprisonments, yet the repercussions of this occasion would profoundly affect the destroying of the Empire as British view on realm changed and the overall population were beginning to question if the domain was ethically useful for Africa and feelings moved away from the past acknowledgment and pride felt by numerous individuals in the nation. The venture into South Africa caused the British Empire to appear to be feeble as she was affirming po wer on lacking individuals. During World War one the African provinces had a significant influence in the war exertion and their assets were genuinely necessary by Britain. Now there was a change inside the British Empire as the estimation of its provinces got obvious. After WW1 the metropolitan perspectives to realm changed, the same number of lawmakers accepted that the domain was exclusively based around financial interests and association. This was upheld significantly following WW1 as Britains financial circumstance had compounded and national obligations had expanded to a faltering $4000 million, which implied without a doubt the assistance and collaboration of the settlements was required. Now the domain was turning into a financial weight on the administration, as the expense of war was agonizing, this added to the decrease of the realm. WW2 had a similar financial effect on the realm as it debilitated it from its establishments which at that point brought about Britain losing her situation as world pio neer because of done being monetarily fit for taking care of such a domain. England needed to impact post war advancements in Africa with the goal that it was advantageous to metropolitan financial specialists anyway this couldn't happen because of the expanded patriotism in African states, for example, Kenya, were the Mau opposed British occupation and rule. Revolts by the Mau made speculators in 1950 apathetic about putting resources into the zone. Subsequently this lead to patriot pressure in the push forward for freedom. Robert Tignor in Capitalism and Nationalism At the End of Empire: State and Business in Decolonizing Egypt, Nigeria, and Kenya, 1945-1963 (1998) contends that it was neither outside nor neighborhood business that were key players however this national development that added to the disassembly of the British domain. An immediate effect of the financial disappointments experienced by Britain after the universal war was that it helped fuel national developments, for example, the Mau. As new thoughts of self-assurance and worldwide atmospher e demeanor become progressively obvious after World War I and World War 2. This at that point strengthened the counter supreme pattern and energized development in patriotism in Africa as the settlements started the push for autonomy. This at that point hurried the disassembly of the British Empire. The pace of decolonisation was radically quickened due to the Suez emergency of 1956. Because of Nasser nationalizing the Suez Canal Britain and France attacked Egypt with the desire for supplanting Nasser and assuming responsibility for the waterway. These activities had a monstrous reaction on British distinction as the United States censured their activities. In this manner it brought about the British pulling back from Egypt, which featured Britains delicacy. This turn to be determined of intensity terrified Eden, as he despite everything accepted there was space on the world stage for the British Empire anyway he was mixed up, as the Suez emergency was the final irritation that will be tolerated in British colonialism as it changed the equalization of politically influential nation extensively. England was not, at this point the prevailing force and comfort and endorsement from the United States was required before the legislature could take any significant choices. This was a s ignificant hit to the realms notoriety and force, this loss of confidence quickened the disassembly of the British Empire. This was seen through the adjustment in legislative issues in London as Eden surrendered and another advanced Prime Minster was selected. Harold Macmillans present day and dynamic planned would quicken the decolonisation of Africa, as not at all like Eden he didn't bolster dominion and understood that the domain could no longer convey indistinguishable financial advantages from previously. Macmillans

The Use of Technology in Finance Essay Example | Topics and Well Written Essays - 2000 words

The Use of Technology in Finance - Essay Example Stricter increasingly severe standards expected firms to change their revealing procedures, empowering more straightforwardness. The resultant severe standards instituted required firms to embrace current bookkeeping rehearses that must be utilized through imaginative innovation interfaces. The incorporation of computerized or mechanical applications albeit exorbitant as far as assets and time has demonstrated to be a successful control measure for the specialists while at the same time helping corporate pioneers deal with their interior frameworks. Different advantages of utilizing innovation in fund have been the advancement of upgraded advertising, correspondence, research and exchange advances by associations. Innovation has been portrayed as the utilization of individual, legitimate or material way to deal with settle a stalemate that prompts improved proficiency. It has been credited with progress of business tasks in firms including: organization, correspondences (from postal letters to email, cell phones, broadcast and so on.), exchanging (web based exchanging or web based business), robotized creation line innovation, and research offices among others.The requirement for grasping cutting edge innovation by enterprises was featured by the more tightly guidelines sanctioned by the Securities and Exchange Commission (SEC) in similarity with consistence rules identifying with necessities in regards to assessment of inner command over money related detailing and the executives affirmation prerequisites compulsory to changes under the Securities Exchange Act of 1934 that were received on June 5, 2003, in accordance with Section 404 of the Sarbanes-Oxley Act. Organizations required trend set ting innovation to distinguish undesired development in irregularities, mechanized detailing, maintaining client resources, infringement and so forth., thus deflect terrible practices while upgrading the organizations productivity (WS&TStaff, 2005). Corporate administration incorporates the consistence to rules or methodology, customs, proclamations,

Intro to College Savings - Lesson 2

Compare your options Lesson 1 helped you figure out how much you should be setting aside each month for college, and now it's time to discuss the type of savings vehicle to use. After all, your choice of vehicle can make a significant difference in how much you end up with in your college savings account. Several options exist, and each has its advantages and disadvantages. Of primary importance is the opportunity for investment earnings and the associated risk of loss. But beyond that aspect other considerations exist: federal and state income tax treatment, including potential tax penalties gift and estate tax treatment financial aid treatment control and revocability flexibility and ease of use Remember, you donï ¿ ½t have to choose just one optionï ¿ ½many parents successfully incorporate two or more options into their college savings strategy. Here are the primary vehicles to consider for your college savings: 529 college savings plansï ¿ ½These are special investment programs operated by the states permitting you to save tax-free toward future college expenses. 529 prepaid tuition plansï ¿ ½These are programs offered in some states and by some private colleges allowing you to prepay future yearsï ¿ ½ tuition costs so that you do not have to be concerned about annual increases in tuition. Coverdell Education Savings Accountsï ¿ ½These are tax-advantaged bank or investment accounts for a childï ¿ ½s future education expenses, but they have a $2,000 annual contribution cap. Qualified U.S. Savings Bondsï ¿ ½Certain EE and I bonds can be purchased and later redeemed for college expenses without owing tax on the interest. Age and income limitations apply. Parent-owned mutual funds, bank accounts, etc.ï ¿ ½You can always save for college in traditional bank and investment accounts, understanding that the interest, dividends, and capital gains will be subject to income tax. UTMA or UGMA accountsï ¿ ½Investments in your childï ¿ ½s name will typically be held in a custodial account under the Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA) until your child reaches legal age and takes direct ownership. Children are usually in a lower tax bracket than their parents, although the ï ¿ ½kiddie taxï ¿ ½ removes that advantage if the childï ¿ ½s investment income rises above $2,000 in a year. College Savings Vehicle Comparison 529 Savings Plan 529 Prepaid Plan Coverdell ESA Qualified U.S. Savings Bonds Parent-owned mutual funds/bank accounts UTMA/UGMA accounts Federal Income Tax Non-deductible contributions; withdrawn earnings excluded from income to extent of qualified higher education expenses Non-deductible contributions; withdrawn earnings excluded from income to extent of qualified higher education expenses Non-deductible contributions; withdrawn earnings excluded from income to extend of higher education expenses, qualified K-12 expenses also included Tax-deferred for federal; tax free for state Earnings and gains taxed in year realized; special lower tax rates for certain dividends and capital gains Earnings first $1,000 of unearned income is tax exempt Maximum Investment Established by the program Lump-sum of the projected cost of college at the time of contract purchase $2,000 per beneficiary per year $10,000 face value per year per owner No limit No limit Qualified Expenses Tuition, fees, books, supplies, equipment and special needs; room & board for minimum half-time students Tuition, fees, books, supplies, equipment and special needs; room & board for minimum half-time students Tuition, fees, books, supplies, equipment, special needs; room additional K-12 expenses Tuition and fees No restrictions No restrictions Time/Age Restrictions None unless imposed by the program Restrictions on age of beneficiary at time of enrollment; usually some restriction on when benefits may be used Contributions before beneficiary reaches age 18; use of account by 30 Bond purchaser must be at least 24 years old at time of bond issue Custodianship terminates when minor reaches age established under state law None Income Restrictions None None Ability to contribute phases out for incomes between $190,000 and $220,000 (joint filers) or $95,000 and $110,000 (single) Interest exclusion phases out for incomes between $115,750 and $145,750 (joint filers) or $77,200 and $92,200 (single) None None Federal Financial Aid Counted as asset of parent if owner is parent or dependent student Counted as asset of parent if owner is parent or dependent student Counted as asset of parent if owner is parent or dependent student Counted as asset of bond owner Counted as studentï ¿ ½s asset Counted as asset of the owner Coming up: Lesson 3: Shop for a plan Lesson 4: Get family and friends involved Lesson 5: How will my savings affect financial aid? Previously sent: Lesson 1: How much to save Compare your options Lesson 1 helped you figure out how much you should be setting aside each month for college, and now it's time to discuss the type of savings vehicle to use. After all, your choice of vehicle can make a significant difference in how much you end up with in your college savings account. Several options exist, and each has its advantages and disadvantages. Of primary importance is the opportunity for investment earnings and the associated risk of loss. But beyond that aspect other considerations exist: federal and state income tax treatment, including potential tax penalties gift and estate tax treatment financial aid treatment control and revocability flexibility and ease of use Remember, you donï ¿ ½t have to choose just one optionï ¿ ½many parents successfully incorporate two or more options into their college savings strategy. Here are the primary vehicles to consider for your college savings: 529 college savings plansï ¿ ½These are special investment programs operated by the states permitting you to save tax-free toward future college expenses. 529 prepaid tuition plansï ¿ ½These are programs offered in some states and by some private colleges allowing you to prepay future yearsï ¿ ½ tuition costs so that you do not have to be concerned about annual increases in tuition. Coverdell Education Savings Accountsï ¿ ½These are tax-advantaged bank or investment accounts for a childï ¿ ½s future education expenses, but they have a $2,000 annual contribution cap. Qualified U.S. Savings Bondsï ¿ ½Certain EE and I bonds can be purchased and later redeemed for college expenses without owing tax on the interest. Age and income limitations apply. Parent-owned mutual funds, bank accounts, etc.ï ¿ ½You can always save for college in traditional bank and investment accounts, understanding that the interest, dividends, and capital gains will be subject to income tax. UTMA or UGMA accountsï ¿ ½Investments in your childï ¿ ½s name will typically be held in a custodial account under the Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA) until your child reaches legal age and takes direct ownership. Children are usually in a lower tax bracket than their parents, although the ï ¿ ½kiddie taxï ¿ ½ removes that advantage if the childï ¿ ½s investment income rises above $2,000 in a year. College Savings Vehicle Comparison 529 Savings Plan 529 Prepaid Plan Coverdell ESA Qualified U.S. Savings Bonds Parent-owned mutual funds/bank accounts UTMA/UGMA accounts Federal Income Tax Non-deductible contributions; withdrawn earnings excluded from income to extent of qualified higher education expenses Non-deductible contributions; withdrawn earnings excluded from income to extent of qualified higher education expenses Non-deductible contributions; withdrawn earnings excluded from income to extend of higher education expenses, qualified K-12 expenses also included Tax-deferred for federal; tax free for state Earnings and gains taxed in year realized; special lower tax rates for certain dividends and capital gains Earnings first $1,000 of unearned income is tax exempt Maximum Investment Established by the program Lump-sum of the projected cost of college at the time of contract purchase $2,000 per beneficiary per year $10,000 face value per year per owner No limit No limit Qualified Expenses Tuition, fees, books, supplies, equipment and special needs; room & board for minimum half-time students Tuition, fees, books, supplies, equipment and special needs; room & board for minimum half-time students Tuition, fees, books, supplies, equipment, special needs; room additional K-12 expenses Tuition and fees No restrictions No restrictions Time/Age Restrictions None unless imposed by the program Restrictions on age of beneficiary at time of enrollment; usually some restriction on when benefits may be used Contributions before beneficiary reaches age 18; use of account by 30 Bond purchaser must be at least 24 years old at time of bond issue Custodianship terminates when minor reaches age established under state law None Income Restrictions None None Ability to contribute phases out for incomes between $190,000 and $220,000 (joint filers) or $95,000 and $110,000 (single) Interest exclusion phases out for incomes between $115,750 and $145,750 (joint filers) or $77,200 and $92,200 (single) None None Federal Financial Aid Counted as asset of parent if owner is parent or dependent student Counted as asset of parent if owner is parent or dependent student Counted as asset of parent if owner is parent or dependent student Counted as asset of bond owner Counted as studentï ¿ ½s asset Counted as asset of the owner Coming up: Lesson 3: Shop for a plan Lesson 4: Get family and friends involved Lesson 5: How will my savings affect financial aid? Previously sent: Lesson 1: How much to save Intro to College Savings - Lesson 2 Compare your options Lesson 1 helped you figure out how much you should be setting aside each month for college, and now it's time to discuss the type of savings vehicle to use. After all, your choice of vehicle can make a significant difference in how much you end up with in your college savings account. Several options exist, and each has its advantages and disadvantages. Of primary importance is the opportunity for investment earnings and the associated risk of loss. But beyond that aspect other considerations exist: federal and state income tax treatment, including potential tax penalties gift and estate tax treatment financial aid treatment control and revocability flexibility and ease of use Remember, you donï ¿ ½t have to choose just one optionï ¿ ½many parents successfully incorporate two or more options into their college savings strategy. Here are the primary vehicles to consider for your college savings: 529 college savings plansï ¿ ½These are special investment programs operated by the states permitting you to save tax-free toward future college expenses. 529 prepaid tuition plansï ¿ ½These are programs offered in some states and by some private colleges allowing you to prepay future yearsï ¿ ½ tuition costs so that you do not have to be concerned about annual increases in tuition. Coverdell Education Savings Accountsï ¿ ½These are tax-advantaged bank or investment accounts for a childï ¿ ½s future education expenses, but they have a $2,000 annual contribution cap. Qualified U.S. Savings Bondsï ¿ ½Certain EE and I bonds can be purchased and later redeemed for college expenses without owing tax on the interest. Age and income limitations apply. Parent-owned mutual funds, bank accounts, etc.ï ¿ ½You can always save for college in traditional bank and investment accounts, understanding that the interest, dividends, and capital gains will be subject to income tax. UTMA or UGMA accountsï ¿ ½Investments in your childï ¿ ½s name will typically be held in a custodial account under the Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA) until your child reaches legal age and takes direct ownership. Children are usually in a lower tax bracket than their parents, although the ï ¿ ½kiddie taxï ¿ ½ removes that advantage if the childï ¿ ½s investment income rises above $2,000 in a year. College Savings Vehicle Comparison 529 Savings Plan 529 Prepaid Plan Coverdell ESA Qualified U.S. Savings Bonds Parent-owned mutual funds/bank accounts UTMA/UGMA accounts Federal Income Tax Non-deductible contributions; withdrawn earnings excluded from income to extent of qualified higher education expenses Non-deductible contributions; withdrawn earnings excluded from income to extent of qualified higher education expenses Non-deductible contributions; withdrawn earnings excluded from income to extend of higher education expenses, qualified K-12 expenses also included Tax-deferred for federal; tax free for state Earnings and gains taxed in year realized; special lower tax rates for certain dividends and capital gains Earnings first $1,000 of unearned income is tax exempt Maximum Investment Established by the program Lump-sum of the projected cost of college at the time of contract purchase $2,000 per beneficiary per year $10,000 face value per year per owner No limit No limit Qualified Expenses Tuition, fees, books, supplies, equipment and special needs; room & board for minimum half-time students Tuition, fees, books, supplies, equipment and special needs; room & board for minimum half-time students Tuition, fees, books, supplies, equipment, special needs; room additional K-12 expenses Tuition and fees No restrictions No restrictions Time/Age Restrictions None unless imposed by the program Restrictions on age of beneficiary at time of enrollment; usually some restriction on when benefits may be used Contributions before beneficiary reaches age 18; use of account by 30 Bond purchaser must be at least 24 years old at time of bond issue Custodianship terminates when minor reaches age established under state law None Income Restrictions None None Ability to contribute phases out for incomes between $190,000 and $220,000 (joint filers) or $95,000 and $110,000 (single) Interest exclusion phases out for incomes between $115,750 and $145,750 (joint filers) or $77,200 and $92,200 (single) None None Federal Financial Aid Counted as asset of parent if owner is parent or dependent student Counted as asset of parent if owner is parent or dependent student Counted as asset of parent if owner is parent or dependent student Counted as asset of bond owner Counted as studentï ¿ ½s asset Counted as asset of the owner Coming up: Lesson 3: Shop for a plan Lesson 4: Get family and friends involved Lesson 5: How will my savings affect financial aid? Previously sent: Lesson 1: How much to save Compare your options Lesson 1 helped you figure out how much you should be setting aside each month for college, and now it's time to discuss the type of savings vehicle to use. After all, your choice of vehicle can make a significant difference in how much you end up with in your college savings account. Several options exist, and each has its advantages and disadvantages. Of primary importance is the opportunity for investment earnings and the associated risk of loss. But beyond that aspect other considerations exist: federal and state income tax treatment, including potential tax penalties gift and estate tax treatment financial aid treatment control and revocability flexibility and ease of use Remember, you donï ¿ ½t have to choose just one optionï ¿ ½many parents successfully incorporate two or more options into their college savings strategy. Here are the primary vehicles to consider for your college savings: 529 college savings plansï ¿ ½These are special investment programs operated by the states permitting you to save tax-free toward future college expenses. 529 prepaid tuition plansï ¿ ½These are programs offered in some states and by some private colleges allowing you to prepay future yearsï ¿ ½ tuition costs so that you do not have to be concerned about annual increases in tuition. Coverdell Education Savings Accountsï ¿ ½These are tax-advantaged bank or investment accounts for a childï ¿ ½s future education expenses, but they have a $2,000 annual contribution cap. Qualified U.S. Savings Bondsï ¿ ½Certain EE and I bonds can be purchased and later redeemed for college expenses without owing tax on the interest. Age and income limitations apply. Parent-owned mutual funds, bank accounts, etc.ï ¿ ½You can always save for college in traditional bank and investment accounts, understanding that the interest, dividends, and capital gains will be subject to income tax. UTMA or UGMA accountsï ¿ ½Investments in your childï ¿ ½s name will typically be held in a custodial account under the Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA) until your child reaches legal age and takes direct ownership. Children are usually in a lower tax bracket than their parents, although the ï ¿ ½kiddie taxï ¿ ½ removes that advantage if the childï ¿ ½s investment income rises above $2,000 in a year. College Savings Vehicle Comparison 529 Savings Plan 529 Prepaid Plan Coverdell ESA Qualified U.S. Savings Bonds Parent-owned mutual funds/bank accounts UTMA/UGMA accounts Federal Income Tax Non-deductible contributions; withdrawn earnings excluded from income to extent of qualified higher education expenses Non-deductible contributions; withdrawn earnings excluded from income to extent of qualified higher education expenses Non-deductible contributions; withdrawn earnings excluded from income to extend of higher education expenses, qualified K-12 expenses also included Tax-deferred for federal; tax free for state Earnings and gains taxed in year realized; special lower tax rates for certain dividends and capital gains Earnings first $1,000 of unearned income is tax exempt Maximum Investment Established by the program Lump-sum of the projected cost of college at the time of contract purchase $2,000 per beneficiary per year $10,000 face value per year per owner No limit No limit Qualified Expenses Tuition, fees, books, supplies, equipment and special needs; room & board for minimum half-time students Tuition, fees, books, supplies, equipment and special needs; room & board for minimum half-time students Tuition, fees, books, supplies, equipment, special needs; room additional K-12 expenses Tuition and fees No restrictions No restrictions Time/Age Restrictions None unless imposed by the program Restrictions on age of beneficiary at time of enrollment; usually some restriction on when benefits may be used Contributions before beneficiary reaches age 18; use of account by 30 Bond purchaser must be at least 24 years old at time of bond issue Custodianship terminates when minor reaches age established under state law None Income Restrictions None None Ability to contribute phases out for incomes between $190,000 and $220,000 (joint filers) or $95,000 and $110,000 (single) Interest exclusion phases out for incomes between $115,750 and $145,750 (joint filers) or $77,200 and $92,200 (single) None None Federal Financial Aid Counted as asset of parent if owner is parent or dependent student Counted as asset of parent if owner is parent or dependent student Counted as asset of parent if owner is parent or dependent student Counted as asset of bond owner Counted as studentï ¿ ½s asset Counted as asset of the owner Coming up: Lesson 3: Shop for a plan Lesson 4: Get family and friends involved Lesson 5: How will my savings affect financial aid? Previously sent: Lesson 1: How much to save Intro to College Savings - Lesson 2 Compare your options Lesson 1 helped you figure out how much you should be setting aside each month for college, and now it's time to discuss the type of savings vehicle to use. After all, your choice of vehicle can make a significant difference in how much you end up with in your college savings account. Several options exist, and each has its advantages and disadvantages. Of primary importance is the opportunity for investment earnings and the associated risk of loss. But beyond that aspect other considerations exist: federal and state income tax treatment, including potential tax penalties gift and estate tax treatment financial aid treatment control and revocability flexibility and ease of use Remember, you donï ¿ ½t have to choose just one optionï ¿ ½many parents successfully incorporate two or more options into their college savings strategy. Here are the primary vehicles to consider for your college savings: 529 college savings plansï ¿ ½These are special investment programs operated by the states permitting you to save tax-free toward future college expenses. 529 prepaid tuition plansï ¿ ½These are programs offered in some states and by some private colleges allowing you to prepay future yearsï ¿ ½ tuition costs so that you do not have to be concerned about annual increases in tuition. Coverdell Education Savings Accountsï ¿ ½These are tax-advantaged bank or investment accounts for a childï ¿ ½s future education expenses, but they have a $2,000 annual contribution cap. Qualified U.S. Savings Bondsï ¿ ½Certain EE and I bonds can be purchased and later redeemed for college expenses without owing tax on the interest. Age and income limitations apply. Parent-owned mutual funds, bank accounts, etc.ï ¿ ½You can always save for college in traditional bank and investment accounts, understanding that the interest, dividends, and capital gains will be subject to income tax. UTMA or UGMA accountsï ¿ ½Investments in your childï ¿ ½s name will typically be held in a custodial account under the Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA) until your child reaches legal age and takes direct ownership. Children are usually in a lower tax bracket than their parents, although the ï ¿ ½kiddie taxï ¿ ½ removes that advantage if the childï ¿ ½s investment income rises above $2,000 in a year. College Savings Vehicle Comparison 529 Savings Plan 529 Prepaid Plan Coverdell ESA Qualified U.S. Savings Bonds Parent-owned mutual funds/bank accounts UTMA/UGMA accounts Federal Income Tax Non-deductible contributions; withdrawn earnings excluded from income to extent of qualified higher education expenses Non-deductible contributions; withdrawn earnings excluded from income to extent of qualified higher education expenses Non-deductible contributions; withdrawn earnings excluded from income to extend of higher education expenses, qualified K-12 expenses also included Tax-deferred for federal; tax free for state Earnings and gains taxed in year realized; special lower tax rates for certain dividends and capital gains Earnings first $1,000 of unearned income is tax exempt Maximum Investment Established by the program Lump-sum of the projected cost of college at the time of contract purchase $2,000 per beneficiary per year $10,000 face value per year per owner No limit No limit Qualified Expenses Tuition, fees, books, supplies, equipment and special needs; room & board for minimum half-time students Tuition, fees, books, supplies, equipment and special needs; room & board for minimum half-time students Tuition, fees, books, supplies, equipment, special needs; room additional K-12 expenses Tuition and fees No restrictions No restrictions Time/Age Restrictions None unless imposed by the program Restrictions on age of beneficiary at time of enrollment; usually some restriction on when benefits may be used Contributions before beneficiary reaches age 18; use of account by 30 Bond purchaser must be at least 24 years old at time of bond issue Custodianship terminates when minor reaches age established under state law None Income Restrictions None None Ability to contribute phases out for incomes between $190,000 and $220,000 (joint filers) or $95,000 and $110,000 (single) Interest exclusion phases out for incomes between $115,750 and $145,750 (joint filers) or $77,200 and $92,200 (single) None None Federal Financial Aid Counted as asset of parent if owner is parent or dependent student Counted as asset of parent if owner is parent or dependent student Counted as asset of parent if owner is parent or dependent student Counted as asset of bond owner Counted as studentï ¿ ½s asset Counted as asset of the owner Coming up: Lesson 3: Shop for a plan Lesson 4: Get family and friends involved Lesson 5: How will my savings affect financial aid? Previously sent: Lesson 1: How much to save Compare your options Lesson 1 helped you figure out how much you should be setting aside each month for college, and now it's time to discuss the type of savings vehicle to use. After all, your choice of vehicle can make a significant difference in how much you end up with in your college savings account. Several options exist, and each has its advantages and disadvantages. Of primary importance is the opportunity for investment earnings and the associated risk of loss. But beyond that aspect other considerations exist: federal and state income tax treatment, including potential tax penalties gift and estate tax treatment financial aid treatment control and revocability flexibility and ease of use Remember, you donï ¿ ½t have to choose just one optionï ¿ ½many parents successfully incorporate two or more options into their college savings strategy. Here are the primary vehicles to consider for your college savings: 529 college savings plansï ¿ ½These are special investment programs operated by the states permitting you to save tax-free toward future college expenses. 529 prepaid tuition plansï ¿ ½These are programs offered in some states and by some private colleges allowing you to prepay future yearsï ¿ ½ tuition costs so that you do not have to be concerned about annual increases in tuition. Coverdell Education Savings Accountsï ¿ ½These are tax-advantaged bank or investment accounts for a childï ¿ ½s future education expenses, but they have a $2,000 annual contribution cap. Qualified U.S. Savings Bondsï ¿ ½Certain EE and I bonds can be purchased and later redeemed for college expenses without owing tax on the interest. Age and income limitations apply. Parent-owned mutual funds, bank accounts, etc.ï ¿ ½You can always save for college in traditional bank and investment accounts, understanding that the interest, dividends, and capital gains will be subject to income tax. UTMA or UGMA accountsï ¿ ½Investments in your childï ¿ ½s name will typically be held in a custodial account under the Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA) until your child reaches legal age and takes direct ownership. Children are usually in a lower tax bracket than their parents, although the ï ¿ ½kiddie taxï ¿ ½ removes that advantage if the childï ¿ ½s investment income rises above $2,000 in a year. College Savings Vehicle Comparison 529 Savings Plan 529 Prepaid Plan Coverdell ESA Qualified U.S. Savings Bonds Parent-owned mutual funds/bank accounts UTMA/UGMA accounts Federal Income Tax Non-deductible contributions; withdrawn earnings excluded from income to extent of qualified higher education expenses Non-deductible contributions; withdrawn earnings excluded from income to extent of qualified higher education expenses Non-deductible contributions; withdrawn earnings excluded from income to extend of higher education expenses, qualified K-12 expenses also included Tax-deferred for federal; tax free for state Earnings and gains taxed in year realized; special lower tax rates for certain dividends and capital gains Earnings first $1,000 of unearned income is tax exempt Maximum Investment Established by the program Lump-sum of the projected cost of college at the time of contract purchase $2,000 per beneficiary per year $10,000 face value per year per owner No limit No limit Qualified Expenses Tuition, fees, books, supplies, equipment and special needs; room & board for minimum half-time students Tuition, fees, books, supplies, equipment and special needs; room & board for minimum half-time students Tuition, fees, books, supplies, equipment, special needs; room additional K-12 expenses Tuition and fees No restrictions No restrictions Time/Age Restrictions None unless imposed by the program Restrictions on age of beneficiary at time of enrollment; usually some restriction on when benefits may be used Contributions before beneficiary reaches age 18; use of account by 30 Bond purchaser must be at least 24 years old at time of bond issue Custodianship terminates when minor reaches age established under state law None Income Restrictions None None Ability to contribute phases out for incomes between $190,000 and $220,000 (joint filers) or $95,000 and $110,000 (single) Interest exclusion phases out for incomes between $115,750 and $145,750 (joint filers) or $77,200 and $92,200 (single) None None Federal Financial Aid Counted as asset of parent if owner is parent or dependent student Counted as asset of parent if owner is parent or dependent student Counted as asset of parent if owner is parent or dependent student Counted as asset of bond owner Counted as studentï ¿ ½s asset Counted as asset of the owner Coming up: Lesson 3: Shop for a plan Lesson 4: Get family and friends involved Lesson 5: How will my savings affect financial aid? Previously sent: Lesson 1: How much to save

A Code Of Ethics And Ethics - 786 Words

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War On Cursive Nelson Mandela, An Anti Apartheid...

War on Cursive Nelson Mandela, an anti-apartheid revolutionary and former President of South Africa says, â€Å"Education is the most powerful weapon we can use to change the world† (Mandela Web). Since the dawn of man, weapons have been used to correct unwanted circumstances. Education and intellect are radical weapons of advancement that use peaceful means to usher in a change in circumstances. Being the basis of intellect and the most powerful tool of change humans hold, education must continually adapt to meet the needs of those who utilize it. Due to this constant growth, many intellectual battles occur within the realm of education itself. These battles are fought in our local, state, and national governments, being won through vigorous debate. Over the last several years, a major battle regarding cursive handwriting instruction’s place in public elementary schools arose. While this debate may seem rudimentary at first glance, it is in fact a crucial part of educa tion. Even though some applaud the writing technique for its boost in efficient brain development, cursive handwriting should not be taught in elementary schools, because cursive is no longer imperative for most careers, print handwriting develops the brain with similar efficiency while being just as useful to students as cursive, and teaching cursive harms some students while wasting treasured time which could be used teaching more desirable skills such as computer keyboarding. In light of the recent acceptance

Sephardic and Ashkenazic Jews free essay sample

A look at the difference between the two cultures of Judaism. This paper starts by looking at the origins of the two practices, the Ashkenazi from northern Europe and the Sephardic from Spain. It goes on to discuss the cultures of both; it compares a number of areas including religious ceremonies, diet, assimilation, language, politics and non-Israeli populations. From the paper: Jewish people are divided into two major groups based upon their ancestry Sephardic and Ashkenazic. Although the Sephardic group was the among the first Jews to have settled in America, dating back to the 1600s, Ashkenazim now populate most of the United States Jewish population. This paper will take a brief look at the differences between the groups. Ashkenazic Jews originate from Germany, France, and Eastern Europe. Ashkenazic is actually derived from the Hebrew word for German. Sephardic Jews, on the other hand, originate from Spain. Sephardic is derived from the Hebrew word for Spain. We will write a custom essay sample on Sephardic and Ashkenazic Jews or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 1 Sephardim was expelled from Spain in 1492 and migrated toward the Middle East, Turkey, and Northern Africa.