Which word?

permit vs. to permit

[`pə:mıt] / [pə`mıt]

NOUN перепустка; дозвіл; ліцензія;

VERB дозволяти, давати дозвіл; надавати можливість; допускати (of);

Task. 14. Use the prepositions from the box to fill in the blanks in the sentences below. Refer to the text “Year in Year out” (Task 8) to check your answers.

at	in ×8	for ×10	per	as
	of ×2		on ×7
with	to ×7	between	by ×4	from

1. Fiscal years vary … businesses and countries.

2. Fiscal year may refer … the year used … income tax reporting.

3. The tax year … a business is governed … the fiscal year it chooses.

4. Prior … 1976, the fiscal year … the USA began … July 1 and ended … June 30.

5. Fiscal year is a period used … calculating annual financial statements … various organizations.

6. United Kingdom corporation tax is charged … reference … the government’s financial year.

7. The fiscal year is identical … the calendar year … about 65% of publicly traded companies … the United States.

8. Some media / communication based organizations use a Broadcast calendar … the basis … their fiscal year.

9. … Japan the fiscal year is represented … the calendar year … which the period begins followed … the word nendo.

10. The Australian government’s financial year begins … July 1 and concludes … June 30 of the following year.

11. In Canada, Hong Kong and India the government’s financial year runs … April 1 … March 31 (Example April 2010 … March 31 2011 … the current financial year).

12. … China the fiscal year … all entities starts … January 1 and ends December 31, consistent … the calendar year, to match the tax year, statuatory year, and planning year.

13. … addition, many companies find that it is convenient … purposes … comparison and … accurate stock taking to always end their fiscal year … the same day of the week.

14. The Congressional Budget and Impoundment Control Act … 1974 stipulated the change to allow Congress more time to arrive … a budget each year, and provided … what is known as the “transitional quarter” from July 1, 1976 … September 30, 1976.

15. … many jurisdictions, regulatory laws regarding accounting and taxation require such reports once … twelve months, but do not require that the period reported … constitutes a calendar year.

Task 15. Match the terms in column A with their synonyms in column B.

A	B
fiscal year	financial reports;
annual	legislation;
financial statements	budget year;
laws	to conclude;
to end	yearly;

Task 16. Read and translate the passage.