Of Mice and Men Report Essay Example For Students

Of Mice and Men Report Essay Setting: Of Mice and Men happens at some point during the Depression of the 1930 s. The book begins close to a stream close to the Salinas River, a couple of miles South of Soledad. At that point the setting moves to a secluded, forlorn looking farm, where the principle part of the story happens. At that point toward the finish of the book, the hindering comes to where it began. Characters: George †the principle character of the book. He is a mindful, comprehension, and fantasies about possessing his own real estate parcel. Lennie †the dedicated companion of George. He has a child’s mind and a giant’s body. It is these differentiating characteristics that mess him up. Old Candy †one of the desolate farm laborers. He is a disabled person, filling in as a ‘Swamper’. Law breakers †named for his screwy body; he is a pleased Negro man that takes a shot at the Ranch. He is flawless and has his very own psyche. He is a desolate character, who is oppressed, because of his race. Thin †a farm laborer with administration characteristics. He deserves admiration from all on the farm. Curley †the boss’s child who is a light weight fighter. Provokes everyone on the farm. Curley’s spouse †the main lady on the farm. She is exceptionally coy. Plot: George and Lennie live during the downturn and they meander from town to town doing tasks yet Lennie consistently gets them in a tough situation. For instance, this young lady thought Lennie was attempting to assault her when he was extremely simply feeling her dress since he loved the material. Lennie fantasies about claiming a bunny ranch and is intellectually hindered. In some cases he winds up murdering creatures since he is so solid. At the point when he unintentionally slaughters Curley’s spouse issues emerge and George needs to execute him so they won’t lock him up. Topic: I imagine that this novel’s subject was depression. The entirety of the laborers were desolate as it were, despite the fact that they had individuals around them to converse with. They couldn’t let out any of their sentiments in light of the fact that another specialist could utilize it against them. The last line of the book†â€Å"What the hellfire do you assume is eatin’ them two guys?†Ã¢â‚¬is said via Carlson. Presently, for what reason would any individual with any feeling of compassion or information on others wonder that? The man just murdered his closest companion yet Carlson didn’t appear to comprehend in light of the fact that he never had an old buddy, not one that he would feel terrible for in any event. These men never recognized what it resembles to share. They have consistently must be solid. This to me shows that they were the best instances of forlornness. Strife: George is the sort hearted farm hand who is worried about his companion Lennie and watches out for him. Since he has a giant’s body and a child’s mind, Lennie inadvertently kills Curley’s spouse; simultaneously he murders the fantasy about possessing a ranch that has kept George and Lennie positive about what's to come. The peak happens when Lennie coincidentally executes Curley’s spouse. George realizes that he can no longer spare Lennie, for Curley will need retribution. Of Mice and Men finishes in catastrophe. George feels constrained to benevolently murder his companion and partner, Lennie, so as to spare him from a merciless demise. Assessment: The book was miserable, yet it genuinely is an extraordinary. It depicts such a large number of things about existence. A few models are: the means by which dreams help offer significance to life, the significance of fellowship, and how life shamelessly kicks you over and again down. In the event that you are searching for a book that delineates a ruddy presence, this isn't the one.

Antitrust Claims Faced By Microsoft Corporation

In the US, the organizations are managed by the antitrust law, which advances and keeps up solid rivalry just as controlling enemy of serious business strategies by different organizations. Microsoft has fallen survivor of antitrust cases in a few events. As the United States programming goliath, the organization has settled a few antitrust cases with contenders, yet others despite everything crop up.Advertising We will compose a custom exposition test on Antitrust Claims Faced By Microsoft Corporation explicitly for you for just $16.05 $11/page Learn More However, the legitimacy of the cases evokes floods of contentions from different concerned and influenced gatherings. This comes when the government advances court declined to limit the intensity of national lawyers general to sue organizations (Mallor et al. 2010). Such order comes instead of people in general for doubtful antitrust debasement without raising class activity on legal dispute restrictions. The topic of Antitrust cas es against Microsoft programming runs back to mid-1990. The product monster had been purportedly charged by the United States Justice Department’s antitrust suit for oppressing its rival, IBM, under prejudicial evaluating just as cheating practices. The circumstance introduced a firm serious specialty to IBM. At last, the settlement of the case brought about installment of over $700 million to IBM. Then again, $75 was paid to the product monster as credit (Masnick 2010). It appears everybody is on Microsoft as to antitrust cases. The long antitrust allegation against the product monster has a huge impression to the company’s notoriety regardless of the way that they bring about astoundingly little effect. Obviously, the little effects may offer the appeasement why Microsoft has connections to the ongoing antitrust cases against both Google and IBM. As per Masnick (2010), antitrust cases against Google and IBM uncover that Microsoft had a huge commitment in it, in spite of the fact that it played it underground. Be that as it may, Microsoft has caused steps to illuminate its workers regarding the antitrust laws. As per Microsoft Watch, eweeks newsbreak (2009) will again be charged $2.5 million for coming in break to the European Union because of its inability to give documentation on Windows’ internal operations. Legitimacy of the Charges on Microsoft in regard to seriousness of industrialist business to exceed expectations in their enterprises The legitimacy of these cases falls in either side of equity. Obviously, the law and requests by the specialists should be followed to the last mentioned. In any case, the way that such activities endeavor to make normalized rivalry will make it workable for all players of the business to contend on one level.Advertising Looking for paper on business financial aspects? We should check whether we can support you! Get your first paper with 15% OFF Learn More Every organization needs to have a serious e dge, which pushes numerous organizations, to concoct successful instruments to get by in the market. All things considered, it turns out to be reasonable that each business ought to endeavor to make due in the market (Mallor et al. 2010). An organization ought to likewise attempt to arrive at its destinations, which incorporate, benefit augmentation, cost minimization, just as growing the market. In this way, I tumble to the affirmation that such advances are simply since the organizations they are pushed by the market. Be that as it may, the degree to which such organizations put out their instruments isn't known. All things considered, organizations may progress to set up systems that will exit different organizations from the market. At last, in contrast to private defendants, the legal advisors in general save the intensity of legal position to sue instead of state residents and may not require to make clear they had harms just as to people in general (DeCarlo 2003). It is advan tageous to take note of that a few choices are important to oversee conditions. References DeCarlo, D. (2003, January). Restrictive cure basically. CBS Interactive, Inc. Web. Mallor, J., Barnes, A., Bowers, T. Langvardt, A. (2010). Business law: The moral, worldwide and web based business condition. (fourteenth ed.). New York: McGraw Hill/Irwin. Masnick M, (2010). Is Microsoft Behind Antitrust Claims Against Pretty Much Everyone Else Now? Recovered from https://www.techdirt.com/articles/20100801/18221910441.shtml Microsoft Watch, eweek Newsbreak (2006). Microsoft Warns Employees of Likely Antitrust Fine. Recovered from https://www.eweek.com/news/microsoft-cautions representatives of-likely-antitrust-fineAdvertising We will compose a custom article test on Antitrust Claims Faced By Microsoft Corporation explicitly for you for just $16.05 $11/page Learn More This paper on Antitrust Claims Faced By Microsoft Corporation was composed and put together by client Gemma Pacheco to help you with your own investigations. You are allowed to utilize it for research and reference purposes so as to compose your own paper; be that as it may, you should refer to it in like manner. You can give your paper here.

Ring delivery!

Ring delivery! Here is my delayed entry on Ring Delivery!!! (To learn about the ring, check out a previous entry). It was held at the Boston Public Library, which I had never been to before. Here are some pictures: As you can see from the pictures, it was a beautiful venue which I had never been to before. So, we arrived at 7 pm and immediately got into line to receive our rings! Most people ordered two rings, one gold and one Celestrium (which is a non-precious metal thats really durable.) The gold ring is used for more special occassions like interviews or weddings (just kidding about that onesort of.) Actually, receiving my ring made me feel like my marriage to MIT was formalized. Sounds lamebut its true. My name is even engraved on the inside, in cursive! So, in the picture below, I put on my rings, along with those of my friends, Anna, Shaye, and Boris. Thats $2,000 right there*bling bling* After receiving our *stunning* rings, we had dinner in an adjacent room. There were a bunch of stations serving different food, one of which served mashed potatoes in martini glasses. I thought it was ice cream for about an hour and wondered why people gave us strange looks when we asked them where the ice cream was. And here are more pictures Gwen, Boris, Shaye, Anna, Ola, and I show off our rings while loitering near the potato bar and listening to the band: Here, Albert and Olivia climbed the lions guarding the library: Albert, Anna, and Juan imitate the angels: And afterwards, we went to the Top of the Hub (the 52nd floor of the Prudential Center, Bostons tallest building) for some warm cookies and tea. Though it had rained, it was clear enough to get some great views! Post Tagged #Brass Rat #Ring Delivery

The Parapet and Battlement - Using Castle Architecture

The Impacts of Symbolism in A Rose for Emily by William...

Regardless of the length of a story, an author can make their writing more interesting by using symbolism. Using symbolism can help the author give detail, depth, and meaning to their work. By giving the reader a mental picture of an object or idea, it is easier for the reader to connect and comprehend what the author is trying to say. The use of symbolism can also hint the reader of something that will happen in the future. Faulkners use of symbolism in A Rose for Emily defines and gives a better understanding of Emilys emotions. In this matter, the reader can engage in the reading. By using symbolism, the author allows the reader to have their own interpretation. By the use of symbolist the reader is lead to different understandings of the story. The main symbol that is frequently mentioned throughout the short story is a rose. A rose is a commonly known symbol of love. The protagonist’s lovers were often chased away by her father when she was young. So it can be concluded that her husband Homer was like a rose to her. Emily loved and cherished her husband just as she would a rose. After roses die or dry out, we want to conserve them and we can but they will lose their beauty. Emily was probably trying to do the same with her husband’s dead body. She could have been using the corpse as a display as you would with a flower. Emily was mentally ill so she did not realize it was wrong to keep a decomposing body. Unlike a dry flower, a corpse doesn’t give off a pleasantShow MoreRelatedThe Lottery, By Shirley Jackson And A Rose For Emily By William Faulkner960 Words   |  4 PagesThe Use of Symbolism in â€Å"The Lottery† by Shirley Jackson and â€Å"A Rose for Emily† by William Faulkner The use of symbolism is used in literature to enhance writing and add meaning to a story, this is evident in the two short stories â€Å"The Lottery† written by Shirley Jackson and â€Å"A Rose for Emily† written by William Faulkner. With the authors use of symbolism Jackson and Faulkner are able to add depth to their writing in a way that connects with the readers. By adding symbolism to the short storiesRead MoreComparison and Contrast: A Rose for Emily by William Faulkner and The Cask of Amontillado by Edgar Allan Poe929 Words   |  4 Pagesusually create impact due to the brevity itself, which authors typically rely on to make a more direct impression. Condensed, the form offers more overt power, and this is evident in how William Faulkner and Edgar Allan Poe employ it to achieve distinctly Gothic effects. â€Å"A Rose for Emily† and â€Å"The Cask of Amontillado† are very different stories set in very different worlds, and the tone of the nar ration in each is equally different. Nonetheless, the stories both offer strong symbolism, and they eachRead MoreCompare And Contrast A Rose For Emily And The Yellow Wallpaper937 Words   |  4 Pagesshort stories â€Å"A Rose for Emily† and â€Å"The Yellow Wallpaper,† the protagonists experience gender stereotyping and live in a society where there are certain expectations of women all the while they suffer from mistreatment due to the lack of understanding of their mental illness. In â€Å"A Rose for Emily† and â€Å"The Yellow Wallpaper,† William Faulkner and Charlotte Perkins Gilman challenge the role of women and the stigma of mental illness using setting, point of view and symbolism. Both Faulkner and Gilman effectivelyRead MoreA Rose for Emily by William Faulkner Essay967 Words   |  4 PagesIn Faulkner’s, â€Å"A Rose for Emily†, Emily lives in a world of her own making. This is because townspeople in Jefferson holds Miss Emily in such high regards. To them, she symbolizes the customs of the old south, or what the town Jefferson once was. For Emily and also for the townspeople time is relative, the past is an ever-present realm in Jefferson. For this reason people wish to respect Emily and preserve her customs; even if it means intruding into her personal life, or turning the cheek towardsRead MoreA Rose For Emily : A Tale Of The Clash Between Generations875 Words   |  4 PagesA Rose for Emily: A Tale of the Clash Between Generations In the short story A Rose for Emily written by William Faulkner, readers are immersed in the narrative of a supposed town member who describes the impact that the recent death of an old woman has had upon their small community. In the narrative, readers are taken on a journey through the life of Miss Emily, an old, lonely woman who is seemingly frozen in her own timeframe. As the story unfolds, readers learn about the various tragediesRead MoreThe Price Of Neglect By William Faulkner And The Play Trifles920 Words   |  4 PagesThe Price of Neglect In the short story â€Å"A Rose with Emily† written by William Faulkner and the play Trifles written by Stilwell, the authors discusses how society treatment of individuals can impact society. In â€Å"A Rose with Emily†, the author uses foreshadowing, symbolism and figurative language. While, Trifles uses irony, conflict and symbolism. Although both author does a remarkable job, Trifles writing was superior by a mile. However their theme is still about respect and neglectfulness. TheseRead MoreAnalysis Of Katherine Mansfield s Miss Brill 1633 Words   |  7 Pagescorrelation to William Faulkner s short story A Rose For Emily. Although both stories appear to be not so alike, the connections they impart are of substantially more value. The distinctions in social contribution between Miss Brill and Emily Grierson can t exceed the similarities in their absence of social and emotional lives and their shocking conditions of refusal. The plots of the stories demonstrate the dissimilarities in the social lives between Miss Brill and Grierson Emily and how bothRead MoreA Rose for Emily by William Faulkner1206 Words   |  5 Pageswell-known fiction artist consumed by his own surroundings or an oppressed worker just looking for a direction to vent, stumbling onto such a great writer was no mistake. William Cuthbert Faulkner, born September 25, 1897 in New Albany, Mississippi lived a successful 65 year, dying July 6, 1962 in Byhalia, Mississippi (Padgett n.pag). William was a man of education, attending Oxford High School as a boy and University of Mississippi as a man. Then he later attended partial semesters at the University ofRead MoreSouthern Gothic Literature And Deranged Characters Essay1357 Words   |  6 Pagesstudied with an open mind, and also having good grasp on studying context clues comes in handy. The author who had one of the biggest impacts on the southern gothic community was William Faulkner. A Rose for Emily suggests dark themes with hidden meanings beneath the text with blatant clues that lead up to the death of her lover, and the sick things she does to him. Emily started out as a beautiful young girl who had hopes of marrying the best man, but by the end of the story she was a large, widowedRead MoreSymbolism Of A Rose For Emily By William Faulkner Essay1070 Words   |  5 Pages Symbolism meaning: Analysis of the symbolism of â€Å"The for Emily† by William Faulkner In the story of â€Å"A Rose for Emily† by William Faulkner, Emily Grierson is the protagonist who also represents the Jefferson communities’ past and present by following her life backward and her house and the people in a community to represent the changes throughout time. William Faulkner’s â€Å"A Rose for Emily† shows the progress of the small southern town Jefferson through the life of one woman, and the symbols of

Edmund Booth Deaf Pioneer Essay - 1064 Words

Edmund Booth: Deaf Pioneer Edmund Booth was born on a farm near Springfield, Massachusetts in 1810. Some of the hats he wore during his lifetime were farmer, teacher, activist for the deaf, pioneer settler, 49er, journalist, and politician. The consistent theme in Booths life, one to which he always returned, was his commitment to the deaf: working for the rights of all deaf people in this country, including education of deaf children. Booths interest in deaf issues was very personal since he himself had lost all of his hearing by the time he was eight years old, he was struck down during an outbreak of spotted fever (cerebrospinal meningitis). After he recovered, he discovered he was partially deaf†¦show more content†¦At age 29, he wanted a more active life and to earn more money. To reach Iowa, it was necessary to travel by railroad, stagecoach, canal, and lake steamer. He reached eastern Iowa and settled at Anamosa, a wilderness with a few widely scattered log cabins ... Outnumbering the small population were Indians, deer, wolves, rattlesnakes, etc. It was truly the frontier. Booth worked at whatever came his way and seemed to make a fair living. He built mills, dams, and houses. He also tried farming with apparent success. The rest of the Booth family soon joined him, and Edmund helped build the first comfortable house, frame-style in Jones County. Booth married Mary Ann Walworth in 1840. She had been his student at Hartford and was already living in Iowa with her family when Booth arrived. It seems that his desire to see her again was one of the reasons for his immigration. Booths career as politician included three terms as Recorder of Deeds in Jones County and a year as Enrollment Clerk to the Iowa House of Representatives. Iowa became a state in 1848. Booth convinced the state legislature to send its deaf children to the Illinois School for the Deaf. He was a driving force behind the founding of the Iowa School for the Deaf at Council Bluffs (1855). Gold was discovered in California in 1848. The next year Booth left Mary Ann and their three children to travel to the gold fields.Show MoreRelatedEdmund Booth 1168 Words   |  5 PagesEdmund Booth was an extraordinary man, especially considering the difficult pioneer era he lived in. He was born in Chicopee, Massachusetts on August 24, 1810. On March 8th, 1815, at the age of four, Edmund contracted meningitis, and was not expected to survive this horrible disease. After being very ill for three months, to the surprise of many, Edmund survived. Unfortunately, the meningitis cost him his hearing (slight hearing left in one ear), and the sight in one eye. By age eight, his remainingRead MoreHistory of Social Work18530 Words   |  75 Pages..............................23 4 ..............................................................................................................................................................................24 Celebrating Social Welfare / Work Pioneers ................................................................................ ..............................25 Elizabeth Gurney Fry ...............................................................................................................

Fringe Benefit Tax and Capital Gain Tax Sample

Question 1: Alan is an employee at ABC Pty Ltd (ABC). He has negotiated the following remuneration package with ABC: salary of $300,000; Payment of Alan's mobile phone bill ($220 per month, including GST). Alan is under a two-year contract whereby he is required to pay a fixed sum each month for unlimited usage of his phone. Alan uses the phone for work-related purposes only; Payment of Alan's children's school fees ($20,000 per year). The school fees are GST free. ABC also provided Alan with the latest mobile phone handset, which cost $2,000 (including GST). At the end of the year ABC hosted a dinner at a local Thai restaurant for all 20 employees and their partners. The total cost of the dinner was $6,600 including GST. (a) Advise ABC of its FBT consequences arising out of the above information, including calculation of any FBT liability, for the year ending 31 March 2014. Assume that ABC would be entitled to input tax credits in relation to any GST-inclusive acquisitions. (b) How would your answer to (a) differ if ABC only had 5 employees? (c) How would your answer to (a) differ if clients of ABC also attended the end-of-year dinner? Answer 1: Fringe Benefit tax are been paid by the employer on the certain benefits provided by him to their employees. The tax on fringe benefit is mostly applied on the non cash benefits which are provided by the company to their staff. The fringe benefit tax is different from the income tax and it would be calculated on the benefits provided. The FBT is taxable on the specified items at the rate of 47% including Medicare levy. FBT is annual tax and taxable on any benefit during the period of 1st April to 31st March. There are certain exclusion on which no FBT is liable to pay the exclusions is: salary wages, superannuation contribution, benefits under employee share schemes. The FBT tax is exempt on certain benefits which are notified by the Australian government the benefits are: Exempt loans Work related expenses Exempt car payment benefits expense Minor benefits having taxable value under $300 Tools and certain equipment expenses related to work Employee relocation expenses Remote area housing. The FBT are been liable on the following item: Car Debt waiver Loan Expense payment Housing Living away from home allowance Airline transport Board Meal entertainment Tax-exempt body entertainment Car parking Property Residual As per the Alan case the we assume that mobile bills covered under salary packaging would be not be chargeable to FBT as such phone is used for the business purpose so it falls under the exclusion category of work related expenses and the cost of mobile phone given of $2000 would not be liable for FBT as it was related to employee employment benefit. The expense initially the employee is liable to pay such amount and if it was paid by the employer than it will fall under the category of expense payment fringe benefits and employer ABC Pty is liable for FBT. So the children school fees of Alan were borne by the employer than such fees if liable for tax. The school fees paid by the employer were GST free so it would be liable for tax as per type 2 of FBT. In the above case the meal was provided by the ABC Pty limited at the end of the year to their employees and partners, we are assuming that such meal was not provided during working hours or for the business or seminar purpose so such entertainment expense would be liable to FBT. Answer to above case: a) The ABC PTY Limited company has provided mobile phones and reimbursed the mobile bill of Alan than such expense payment would not be liable to FBT as the such expense is incurred for the use of business purpose and as per the provision any expense incurred and such benefit given are used for the business purpose than such expense are not liable for FBT. Calculation of FBT: Expense related payment: school fees where GST is free the FBT liability for 31st march is $20000*1.8868 = $37736 FBT liability = $ 37736*47%=17736 (round off) Entertainment benefit provided: dinner provided of $6600 including GST calculation is provided below. FBT taxable value= $6600*1.1 *2.0802*50%=$7551 FBT liability= 7551$*47%=$3549 Total FBT liability was $17736+$3549=$21285. b) The answer given in case A would differ if there are less employees i.e. 5. If the employees would be less than the payment for dinner would automatically reduces which affect on the FBT amount the cost of dinner per employee would be 6600/20=$ 330 per employee so number of employee was 5 so total expense for dinner would be $1650. So FBT amount would be 1650*1.1*2.0802*50%=1888*47%= $887. c) As per the answer given in case A above the FBT is leviable on the meals provided to their employee at the year end and if such dinner if accompanied by the clients than as per the legislation the FBT would be leviable on the part of the benefits provided to the employee and the associates or partners they are not liable to pay FBT n the remaining part of benefit provided to clients. Question 2: Dave Solomon is 59 years of age and is planning for his retirement. Following a visit to his financial adviser in March of the current tax year, Dave wants to contribute funds to his personal superannuation fund before 30 June of the current tax year. He has decided to sell the majority of his assets to raise the $1,000,000. He then intends to rent a city apartment and withdraw tax-free amounts from his personal superannuation account once he turns 60 in August of the next year. Dave has provided you with the following details of the assets he has sold: (a) A two-storey residence at St Lucia in which he has lived for the last 30 years. He paid $70,000 to purchase the property and received $850,000 on 27 June of the current tax year, after the real estate agent deducted commissions of $15,000. The residence was originally sold at auction and the buyer placed an $85,000 deposit on the property. Unfortunately, two weeks later the buyer indicated that he did not have sufficient funds to proceed with the purchase, thereby forfeiting his deposit to Dave on 1 May of the current tax year. The real estate agents then negotiated the sale of the residence to another interested party. (b) A painting by Pro Hart that he purchased on 20 September 1985 for $15,000. The painting was sold at auction on 31 May of the current tax year for $125,000. (c) A luxury motor cruiser that he has moored at the Manly Yacht club. He purchased the boat in late 2004 for $110,000. He sold it on 1 June of the current tax year to a local boat broker for $60,000. (d) On 5 June of the current tax year he sold for $80,000 a parcel of shares in a newly listed mining company. He purchased these shares on 10 January of the current tax year for $75,000. He borrowed $70,000 to fund the purchase of these shares and incurred $5,000 in interest on the loan. He also paid $750 in brokerage on the sale of the shares and $250 in stamp duty on the purchase of these shares. Dave has contacted the ATO and they have advised him that the interest on the loan will not be an allowable deduction because the shares are not generating any assessable income. Dave has also indicated that his taxation return for the year ended 30 June of the previous year shows a net capital loss of $10,000 from the sale of shares. These shares were the only assets he sold in that year. (a) Based on the information above, determine Dave Solomons net capital gain or net capital loss for the year ended 30 June of the current tax year. (b) If Dave has a net capital gain, what does he do with this amount? (c) If Dave has a net capital loss, what does he do with this amount? /p Answer 2: Part a.) Computation Of Capital Gain Tax of Dave Solomon For The Year End 30 June Particulars Amount (in$) Total Amount (in $) Exempt: Proceeds Cost Base Of Home Property - (claiming the main residence i.e. family home exemption as it is exempted under the definition of CGT) Add: @ Proceeds of Painting in the current year 125,000.00 Less: Cost Base of Painting acquired in 1985 after indexation (15000*123.4/71.3)=25960.73 (25,960.73) 150,960.73 Add: Proceeds of Luxury Motor Cruiser in the current year 60,000.00 Less: Cost Base of Luxury Motor Cruiser acquired in 2004 (110,000.00) (50,000.00) Add: Proceeds of Shares 80,000.00 Less: Cost Base (75,000.00) Less: Brokerage On Shares deduction (750.00) Less: Stamp duty on Shares deduction (250.00) 4,000.00 Less: Previous Year Capital Loss Deduction (10,000.00) (10,000.00) Net Capital Gain For The Current Year 94,960.73 @Painting acquired is not considered in the category of collectables as Dave Solomon acquired it for the value less than $500 and also before 16 December 1995. Exceptions and exemptions: Commonly speaking, a capital gain or capital loss on below mentioned is dis-regarded: a) Properties acquired before 20 September 1985 b) Motor vehicles c) Reimbursement received for particular injury d) Selling of main residence (family home) e) A collectable, for example, jewelry, which is acquired for $500 or less f) A private used asset kept mainly for private use or pleasure for own purposes or for associates. If assesse acquired it for more than $10,000, is disregarded for only capital losses. If it is acquired for $10,000 or less, it is disregarded for both capital gains and capital losses. Part b.) Calculating out net capital gain or loss - Once assesse finds out his/her capital gain for each CGT asset, he/she need to find out his/her net capital gain for the year. Net capital gain = Total capital gains for the current year (including those distributed by a managed fund or trust) (Minus) Total capital losses (including any net capital losses from previous years) Generally, CGT is not aseparated tax. The net capital gains forms part of your assessable income in the year the CGT event occurred and is payable as part of assesses income tax assessment for the relevant income year. Because assets are often long term assesse need to take good care of records relating to purchase, conservation and enhancements. This will help not only in finally working out the amount that is subject to Capital Gains Tax but also helps in recollecting the true base costs that has been spent. The amount Mr. Dave has got after selling of the assets can be utilized to contribute funds to his personal superannuation fund. Some records which are specifically needed to keepwhenever a major transaction happens include: a) Interest paid on related loans b) Receipts of purchase c) Records of expenses like legal fees, stamp duty etc. d) Receipts covering land taxes, insurance bills, rates etc. e) Receipts for repairs, maintenance and improvements f) Any market valuations g) Receipts for shares brokerage Part c.) Calculating out net capital gain or loss - Once assesse has find out his/her capital loss for each CGT asset, he/she need to find out his/her net capital loss for the year. Net capital loss = Total capital losses (including any net capital losses from previous years) (Minus) Total capital gains for the year (including those distributed by a managed fund or trust). Assesse cannot deduct his/her net capital loss directly from his/her other incomes, but he/she can carry it forward and deduct it from capital gains in later income years. There is no time limit on how long one can carry forward a net capital loss. One must apply his/her capital losses against his/her capital gains in the order in which he/she made them. They can't choose not to apply capital losses against capital gains if they have them, however, they can choose which capital gains to deduct their losses from. Net losses arising from collectables can only be deducted from capital gains made from respective category of collectables only, and not from other capital gains. References ANON, N.D., Capital Gains Tax on Shares and Units, viewed on 11 January 2014. ANON, N.D., Capital Gains Tax on Home, viewed on 11 January 2014. ANON, N.D., Capital Gains Tax Exemptions, viewed on 11 January 2014. ANON, N.D., Calculating a Capital Loss, viewed on 11 January 2014. ANON, N.D., Calculating and Paying Capital Gains Tax, viewed on 11 January 2014. ANON, N.D., Step By Step Guide to Capital Gains Tax, viewed on 11 January 2014.