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State and local income tax refunds, to the extent previously deducted. These are generally excluded from gross income for state and local income tax purposes. Any other income from whatever source. Even income from crimes is taxable and must be reported, as failure to do so is a crime in itself. [23]
The Accounting and Corporate Regulatory Authority (ACRA) is a statutory board under the Ministry of Finance of the Government of Singapore.ACRA is the regulator of business registration, financial reporting, public accountants and corporate service providers.
A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract.It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis.
The statutory boards of the Government of Singapore are autonomous organisations that have been tasked to perform an operational function by legal statutes passed as Acts in the Parliament of Singapore. The statutes define the purpose, rights and powers of each authority.
The use of the word "including" also highlights this expansive definition of "gross income." Under Internal Revenue Code § 7701(c) , "[t]he terms 'includes' and 'including' when used in a definition contained in this title shall not be deemed to exclude other things otherwise within the meaning of the term defined."
While the salaries of political leaders are generally fixed upon the pay grades, the salaries of civil servants may vary greatly. For example, the MR4 discount of being only 60% of the median top salary is done only for ministers, "to reflect the ethos of sacrifice that political service involves", and does not apply to civil servants. [30]
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Food and the use of housing facilities were considered part of the salary for some workers, such as domestic and agricultural workers. Salaries for domestic workers ranged from B/.250 to B/.275 (US$250-US$275) per month. The agricultural and construction sectors received the lowest and highest minimum wages, respectively. [10] [186] [187] 3,819 ...