business
Are election campaign donations tax deductible?
No. If you are donating time or effort to a political campaign, political candidate, political action committee (PAC), or any group that seeks to influenc...
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Business
business
Is there a maximum amount to open an IRA?
As of 2010, the IRS allows people age 50 and over to invest up to $6,000 in Roth and Traditional IRAs, whereas people under 50 can invest no more than $5,...
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business
Can brokers give investment advice?
Stockbrokers. A stockbroker is a financial professional who executes trades on behalf of clients, either retail or institutional. Stockbrokers do not prov...
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business
How expensive is it to build a hot rod?
Hourly rates are typically in the $100/hr range so it stands to reason that an eight hour day’s work will cost you $800 and a week’s work $4,000, plus mat...
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business
Why do people use regular savings accounts?
A savings account is a suitable place for your emergency fund. This money serves as a backup if you need cash for a large or unexpected expense, such as a...
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business
Can an independent contractor be disciplined?
Ending an employee’s employment is also far harder than terminating an independent contractor. The LRA ensures that certain procedures, including discipli...
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business
Can I deduct health insurance premiums paid for someone else?
No Deduction for Premiums Someone Else Paid on Your Behalf You can’t take a tax deduction for health insurance unless you paid for it. If someone like an ...
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business
What are deductible costs?
For tax purposes, a deductible is an expense that an individual taxpayer or a business can subtract from adjusted gross income while completing a tax form...
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business
How to get my 1095 from blue cross blue shield?
Call the number on the back of your BCBSTX member ID card to ask for your Form 1095-B. If you can’t find this number, you can also call 1-855-710-6984. Sh...
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business
Are retained earnings cumulative?
By definition, retained earnings are the cumulative net earnings or profits of a company after accounting for dividend payments. It is also called earning...
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