personal finance

Assignment tasks :-

Task 1 :

The omani government has now introduced broad tax changes to the income tax law. the changes have been the subject of intense speculation for many months. Explain the purpose of taxation and list two new major changes in the omani tax law in 2017. ( 450 words )

Task 2 :

There are a number of elements vital to any personal plan; however, the element of personal savings is ranked at the top of the list. Briefly explain the importance and benefits of personal savings with your own example. ( 450 words )

Task 3 :

The importance of money in human life is similar to the importance of food for the body. Just like you can’t live even for a few days without food, you can’t survive for long without money. List the role of money and explain why people hold money ?( 450 words )

Task 4 :

Budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you. List the benefits of personal budget and illustrate your three (Jan-March 2017) month personal budget with example.( 450 words )

* Guidance Notes and Format of the Assignment :-

1- Introduction and Objectives of the report >> Short introduction to the report setting out the aims and Objectives of the report are, what the report will cover and why . ( 150 words ) .

2- Assignment Tasks >> you need to support answer with relevant examples. (1800 words)

3- Conclusion and learning derived >> the conclusion should briefly and clearly synthesize the key points of your analysis and what you learn . (150 words )

4- References

* The total of assignment = 2100 words