no
Employers that maintain a qualified retirement plan must file an IRS Form 5500-Annual Return/Report of Employee Benefit Plan. Form 5500 is due on the last day of the seventh month following the end of the year.
By Cash a/c dr. 5000 By Tds receivable a/c dr. 500 To Debtors a/c cr. 5500
5500
I believe that you mean Earned Income Credit. This was designed to be a helping hand for people who had children and were working but made smaller amount of money. It has grown out of control like most government programs and has become a lump sum welfare program. I would estimate that 40-60% of the payments are now fraudulent with people trading children, claiming children who aren't theirs, and claiming fraudulent income. Parents are also stating they are single when they aren't. They also will only work to make the amounts that max their EITC. People who earn 9,000 to 14,000 with two children can get $5500 without paying a cent during the year. Often times you get people who are married, lie stating they are single parents and both will get this much money, not including Child Tax Credits and other credits that can really add up. They could be caught so easy but the government doesn't seem to want to catch them. Sorry for my rant.
pre-revised scales of 5000-8000 and 5500-9000 merged given grade pay 4200 and 6500-10500 and 7450-11500 merged given grade pay 4600 so,the question is what is grade pay on 1st ACP ? The answer is that as on 01-01-2006 whatever ACPS earned will be ignored if earned in pre revised scales thus any one completes 12 years between 01-01-2006 and 31-08-2008 be allwed to get 4600 grade pay if they were recruited in 5000-8000 scale.
Employers that maintain a qualified retirement plan must file an IRS Form 5500-Annual Return/Report of Employee Benefit Plan. Form 5500 is due on the last day of the seventh month following the end of the year.
5500, to the nearest hundreds, is 5500.
one percent of 5500 = 551% of 5500= 1% * 5500= 0.01 * 5500= 55
24% of 5500= 24% * 5500= 0.24 * 5500= 1,320
5500
5500
5500/1
fraction = 5500/6000
1 third of 5500 = 5500/3 = 1833.33...
6600 20% of 5500 is 1100 +5500=6600
5500
5500