How is BMI scholar calculated?
Thus, Quetelet Index = body weight (kilograms) divided by height squared (meters) = BMI.
What is the rate of service tax?
Calculation of Service Tax From the 1st of June 2016, service tax is levied at 15% of the value of taxable services under Section 66 of the Service Tax Act. The 15% includes 0.5% Krishi Kalyan Cess and 0.5% Swach Bharat Cess.
Does obesity affect local tax rate?
If we look at counties with and without grocery sales tax separately, the taxed counties are less healthy. Specifically, the average obesity and diabetes rates of counties with taxes are approximately 3 and 2.5 percentage points higher, respectively.
How was the BMI formula developed?
The BMI was introduced in the early 19th century by a Belgian named Lambert Adolphe Jacques Quetelet. He was a mathematician, not a physician. He produced the formula to give a quick and easy way to measure the degree of obesity of the general population to assist the government in allocating resources.
When did the BMI change?
In 1998, the U.S. National Institutes of Health and the Centers for Disease Control and Prevention brought U.S. definitions in line with World Health Organization guidelines, lowering the normal/overweight cut-off from BMI 27.8 to BMI 25.
What is the service tax rate for FY 2015 16?
The Ministry of Finance increased the Service Tax rate in May 2015, and it was effective from June 2015. The service tax rate was increased from 12.36% to 14% and the new rate subsumed a couple of cesses in the process.
How do I calculate service tax?
The amount of tax that can be levied is calculated as a percentage of the charges received/paid for the provision/receipt of services. Service tax is levied at the rate of 15% of the value of taxable services. However, one cannot impose service tax on the entire amount charged to the customer.
How much does the government pay for obesity?
The government pays a significant portion of costs associated with obesity for Medicare and Medicaid beneficiaries. Estimates of the medical cost of adult obesity in the United States (U.S.) range from $147 billion to nearly $210 billion per year.
What is the rate of service tax in 2015?
Service Tax Rates and Changes effective from 1st April 2015. Finance Bill, 2015 has proposed increase in rate of Service Tax from 12.36% to 14%.
What are the 2015 tax brackets and rates?
In 2015, the income limits for all brackets and all filers will be adjusted for inflation and will be as seen in Table 1. The top marginal income tax rate of 39.6 percent will hit taxpayers with taxable income of $413,200 and higher for single filers. and $464,850 and higher for married filers. Table 1. 2015 Taxable Income Brackets and Rates.
When will the increase in rate of service tax be announced?
Historically the assent is obtained from the President in the first half of May, as the assent has to be obtained with 75 days from the presentation of the Budget in Parliament. Hence, the notification regarding increase in rate of service tax will be issued somewhere around 15 th May, 2015.
How much will your taxes go up in 2015?
For married couples filing jointly, it will increase by $200 from $12,400 to $12,600. The personal exemption for 2015 be $4,000. Source: Author’s calculations. PEP and Pease are two provisions in the tax code that increase taxable income for high-income earners.