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Kerkorian eventually quit the business, but the holding company he founded — MGM Grand, Inc. — grew from strength to strength, acquiring Mirage Resorts in 2000. It was the largest gaming industry transaction of its kind at that time. Renamed MGM MIRAGE, the company went on to acquire Mandalay Resort Group in 2005. In 2010, the company changed its name to MGM Resorts International. Since then, MGM Resorts has become a global entertainment brand, owning 31 unique hotel and gaming destinations globally.
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To unlock the best of everything MGM destinations have to offer, you can sign up for MGM Rewards. This loyalty program gives you MGM Rewards Points and Tier Credits to spend on just about anything you want — from hotel stays to spa visits, dining experiences, gaming action, entertainment, shopping, and more. Points are earned through gaming purchases as well as eligible non-gaming purchases from participating food and beverage outlets. How much you spend also earns Tier Credits. The more of them you earn, the higher your Tier Status, with a new array of benefits and perks as you move on up from Sapphire through Pearl, Gold, Platinum, and NOIR.
Kerkorian eventually quit the business, but the holding company he founded — MGM Grand, Inc. — grew from strength to strength, acquiring Mirage Resorts in 2000. It was the largest gaming industry transaction of its kind at that time. Renamed MGM MIRAGE, the company went on to acquire Mandalay Resort Group in 2005. In 2010, the company changed its name to MGM Resorts International. Since then, MGM Resorts has become a global entertainment brand, owning 31 unique hotel and gaming destinations globally.
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Retirement annuity contributions are tax deductible in South Africa. That means, you pay less tax when you invest in a retirement annuity. However, are they really worth it for everyone? If you earn R7 500 per month, do you even qualify for any tax deductions? What about if you earn R40 000 per month? What about R100 000?
Just how much tax could you save in taxes by maximizing your retirement annuity contributions? SARS allows you to invest up to 27.5% of your income (capped at R350,000 per year) and deduct it from your taxable income. This table shows the maximum tax savings you can achieve for different income levels .
The deemed cost method allows you to factor in fuel and maintenance costs only if you have paid for them entirely out of your own pocket. If your employer reimburses you for any portion of these expenses, you cannot include that component when calculating your cost per kilometer.