business
What is considered a major taxable purchase?
Major purchases include: A motor vehicle (including a car, motorcycle, motor home, recreational vehicle, sport utility vehicle, truck, van, and off-road v...
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Business
business
What are federal banking laws?
U.S. banks, bank accounts, and banking transactions are extensively regulated. The Federal Deposit Insurance Corporation (FDIC), created in 1933, is the p...
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business
Is 491 credit bad?
Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 491 FICO® Score is significantly below the average credit score. Can...
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business
What is foreclosure procedure?
In strict foreclosure proceedings, the lender files a lawsuit on the homeowner that has defaulted. If the borrower cannot pay the mortgage within a specif...
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business
What will my Social Security be if I retire at 62?
For example, the AARP calculator estimates that a person born on Jan. 1, 1959, who has averaged a $50,000 annual income would get a monthly benefit of $1,...
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business
What is compound journal entry?
A compound journal entry is an accounting entry in which there is more than one debit, more than one credit, or more than one of both debits and credits. ...
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business
Can I buy an extended warranty after purchase?
An extended car warranty is repair coverage that kicks in after the typical manufacturer auto warranty has expired. You can even purchase an extended warr...
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business
How often do independent contractors pay taxes?
If as an independent contractor, you expect to owe $1,000 or more in taxes when you file your annual return, you’ll have to make estimated quarterly tax p...
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business
Do companies have to pay declared dividends?
Corporate Law and Dividends Public corporations have no legal obligation to pay dividends to common shareholders, no matter how profitable they are or how...
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business
What is a post adjustment trial balance?
An adjusted trial balance is prepared after adjusting entries are made and posted to the ledger. This is the second trial balance prepared in the accounti...
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