Contract for Service – NBC Institute

PT – May 2020 – L2 – Q3b – Scope and computation of income tax for individuals and partnerships.

Characteristics of a contract of service from a taxation perspective.

Question

b) It is necessary to find out whether an activity carried out by an individual amounts to a profession (contract for service) or employment (contract of service). From a taxation point of view, there is the existence of employment where there is a contract of service.

Required:
What are the characteristics of a contract of service?
(6 marks)

Answer

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Tags: Characteristics, Contract for Service, Contract of Service, Employment
Level: Level 2

Topic: Income Tax Liabilities
Series: MAY 2020

AT – Nov 2015 – L3 – Q2b – Business income – Corporate income tax

Determining the tax treatment of payments to part-time lecturers, facilitators, and experts engaged by a training and research center.

Question

A globally recognized Training and Research Centre on peacekeeping and peace support operations in Ghana has engaged you as a tax consultant to provide tax opinion on how the following transactions should be treated:

i. The Centre engages part-time lecturers on its Master’s Programmes which are run on a modular basis and run for a one-year period. Payments for the fees of these lecturers are based on the number of hours done.
(2 marks)

ii. The Centre engages facilitators who are to teach and direct the flow of class for courses that run for a short period. Payments for their services are based on hourly/daily work done.
(2 marks)

iii. The Centre engages experts/consultants to assist in developing new courses or review existing courses being run by the centre or undertake any other assignment as and when required by the Centre. Payment to this category of persons is also dependent on the duration of the task and based on man-days.
(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contract for Service, Experts, Facilitators, Part-time lecturers, Withholding Tax
Level: Level 3

Topic: Business income - Corporate income tax
Series: NOV 2015

BCL – May 2019 – L1 – Q3c – Employment Law

Discusses employee rights and employer obligations regarding social security in employment contracts.

Question

ABA Venture was set up recently and John is an independent electrical contractor working for ABA Ventures for the past 3 months under a contract that requires him to ensure that all electrical facilities are well maintained. Abena is a fresh graduate who has also completed level one of the ICAG professional programme and has been given a one-year contract as a Cashier of ABA Ventures. Your firm is designing the conditions of service for ABA Ventures.

i) List the FOUR (4) rights of employees.
(4 marks)

ii) Indicate whether ABA Ventures will have obligations to pay Social Security on behalf of John and Abena who are both working at ABA.
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contract for Service, Contract of Service, Employee Obligations, Employment Rights, Social Security
Level: Level 1

Topic: Employment law
Series: MAY 2019

PT – May 2020 – L2 – Q3b – Scope and computation of income tax for individuals and partnerships.

Characteristics of a contract of service from a taxation perspective.

Question

Required:
What are the characteristics of a contract of service?
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Characteristics, Contract for Service, Contract of Service, Employment
Level: Level 2

Topic: Income Tax Liabilities
Series: MAY 2020

AT – Nov 2015 – L3 – Q2b – Business income – Corporate income tax

Determining the tax treatment of payments to part-time lecturers, facilitators, and experts engaged by a training and research center.

Question

ii. The Centre engages facilitators who are to teach and direct the flow of class for courses that run for a short period. Payments for their services are based on hourly/daily work done.
(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contract for Service, Experts, Facilitators, Part-time lecturers, Withholding Tax
Level: Level 3

Topic: Business income - Corporate income tax
Series: NOV 2015

BCL – May 2019 – L1 – Q3c – Employment Law

Discusses employee rights and employer obligations regarding social security in employment contracts.

Question

i) List the FOUR (4) rights of employees.
(4 marks)

ii) Indicate whether ABA Ventures will have obligations to pay Social Security on behalf of John and Abena who are both working at ABA.
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contract for Service, Contract of Service, Employee Obligations, Employment Rights, Social Security
Level: Level 1

Topic: Employment law
Series: MAY 2019

Question Tag: Contract for Service

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PT – May 2020 – L2 – Q3b – Scope and computation of income tax for individuals and partnerships.

Characteristics of a contract of service from a taxation perspective.

AT – Nov 2015 – L3 – Q2b – Business income – Corporate income tax

Determining the tax treatment of payments to part-time lecturers, facilitators, and experts engaged by a training and research center.

BCL – May 2019 – L1 – Q3c – Employment Law

Discusses employee rights and employer obligations regarding social security in employment contracts.

PT – May 2020 – L2 – Q3b – Scope and computation of income tax for individuals and partnerships.

Characteristics of a contract of service from a taxation perspective.

AT – Nov 2015 – L3 – Q2b – Business income – Corporate income tax

Determining the tax treatment of payments to part-time lecturers, facilitators, and experts engaged by a training and research center.

BCL – May 2019 – L1 – Q3c – Employment Law

Discusses employee rights and employer obligations regarding social security in employment contracts.

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Question Tag: Contract for Service

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PT – May 2020 – L2 – Q3b – Scope and computation of income tax for individuals and partnerships.

Characteristics of a contract of service from a taxation perspective.

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AT – Nov 2015 – L3 – Q2b – Business income – Corporate income tax

Determining the tax treatment of payments to part-time lecturers, facilitators, and experts engaged by a training and research center.

You're reporting an error for "AT – Nov 2015 – L3 – Q2b – Business income – Corporate income tax"

BCL – May 2019 – L1 – Q3c – Employment Law

Discusses employee rights and employer obligations regarding social security in employment contracts.

You're reporting an error for "BCL – May 2019 – L1 – Q3c – Employment Law"

PT – May 2020 – L2 – Q3b – Scope and computation of income tax for individuals and partnerships.

Characteristics of a contract of service from a taxation perspective.

You're reporting an error for "PT – May 2020 – L2 – Q3b – Scope and computation of income tax for individuals and partnerships."

AT – Nov 2015 – L3 – Q2b – Business income – Corporate income tax

Determining the tax treatment of payments to part-time lecturers, facilitators, and experts engaged by a training and research center.

You're reporting an error for "AT – Nov 2015 – L3 – Q2b – Business income – Corporate income tax"

BCL – May 2019 – L1 – Q3c – Employment Law

Discusses employee rights and employer obligations regarding social security in employment contracts.

You're reporting an error for "BCL – May 2019 – L1 – Q3c – Employment Law"

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Customer

Get In Touch

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