Site Search:
 
Dave's ESL Cafe's Student Discussion Forums Forum Index Dave's ESL Cafe's Student Discussion Forums
"The Internet's Meeting Place for ESL/EFL Students and Teachers from Around the World!"
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

offset

 
Post new topic   Reply to topic    Dave's ESL Cafe's Student Discussion Forums Forum Index -> Help Center
View previous topic :: View next topic  
Author Message
Chan-Seung Lee



Joined: 03 Dec 2005
Posts: 1032
PostPosted: Fri Dec 14, 2007 5:25 pm    Post subject: offset Reply with quote
Quote:
He was able to offset his travel expenses against tax.


What does it mean? Is it the same meaning as 'He paid tax by the money which he was going to spend traveling but didn't.'?
If so, can I paraphrase it as 'His travel expenses offset tax.'?

Thanks.
Back to top
View user's profile Send private message
MrPedantic



Joined: 02 Jan 2006
Posts: 116
Location: Southern England
PostPosted: Sat Dec 15, 2007 4:56 am    Post subject: Reply with quote
Hello CSL,

Suppose:

Income tax = 10%

Income = �1000

Tax-deductible travel expenses = �200

To offset your travel expenses against tax:

Income - expenses = �1000 - �200 = �800

Tax payable then = �800 x 10% = �80.

Does that help?

Best wishes,

MrP
Back to top
View user's profile Send private message
rice07



Joined: 26 Oct 2007
Posts: 385
PostPosted: Sat Dec 15, 2007 5:17 am    Post subject: Reply with quote
Hi

I'm not teaching you something just giving some information for brainstorming(I don't cut the mustard!), because I think that your English is good enough, at least, better than me. Information is as follows:

1. offset(verb): "offset sth agaist sth" means "to use one cost,payment or situation in order to cancel or reduce the effect of another".

=>Prices have risen in order to offset the increased cost of materials.

=>What expenses can you offset against tax?

=>So I guess you've got the answer in your mind.
Back to top
View user's profile Send private message
rice07



Joined: 26 Oct 2007
Posts: 385
PostPosted: Sat Dec 15, 2007 5:46 am    Post subject: Reply with quote
Hi

SORRY! I'm a talkative person not knowing that Mr Pedantic has answered your question. Sorry once again for my offence.

Good luck
Back to top
View user's profile Send private message
MrPedantic



Joined: 02 Jan 2006
Posts: 116
Location: Southern England
PostPosted: Sun Dec 16, 2007 1:02 pm    Post subject: Reply with quote
rice07 wrote:


1. offset (verb): "offset sth against sth" means "to use one cost, payment or situation in order to cancel or reduce the effect of another".



<thumbs up>

Useful definition!

Best wishes,

MrP
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Dave's ESL Cafe's Student Discussion Forums Forum Index -> Help Center All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Dave's ESL Cafe is maintained by the one and only Dave Sperling.
Banner Advertising | Bookstore / Alta Books | FAQs | Articles | Interview with Dave
Copyright © 2018 Dave's ESL Cafe | All Rights Reserved | Contact Dave's ESL Cafe | Site Map

Teachers College, Columbia University: Train to Teach English Here or Abroad
SIT
Powered by phpBB © 2001, 2002 phpBB Group