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How do you calculate investment in a partnership?
For example, A and B invest Rs. x and Rs. y respectively for a year in a business, then at the end of the year: (A’s share of profit) : (B’s share of prof...
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Health
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What is 501c 3 status?
Section 501(c)(3) is a portion of the U.S. Internal Revenue Code (IRC) and a specific tax category for nonprofit organizations. Organizations that meet th...
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Can I claim employment allowance for my nanny?
You cannot claim the Employment Allowance if you are employing a nanny unless the nanny is employed for an individual who needs care. Are you an employer ...
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Can undeveloped land be financed?
Borrowers can get commercial land loans for raw or undeveloped land that is intended to be used as a business to earn money. Borrowers who need a loan for...
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What exactly is algebra?
Algebra is a branch of mathematics dealing with symbols and the rules for manipulating those symbols. In elementary algebra, those symbols (today written ...
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What happens if you finance a car and the dealership closes?
When the car dealership goes out of business the bank still owns your loan. Sometimes a car dealership will do their own financing. In that case if they w...
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What should I do with my life at age 55?
50 Life Changes to Make After 50 Conquer a Long-Held Fear. Try Out a Cool Hairstyle. Travel Somewhere You’ve Never Been. Start a Book Club. Adopt a Pet. L...
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What is a sponsored retirement plan?
An employer-sponsored plan is a type of benefit plan offered to employees at no or relatively low cost. These plans, such as a 401(k) or HSA, cover an arr...
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Do rental losses reduce AGI?
Modified Adjusted Gross Income If a taxpayer’s MAGI is $100,000 or less for the tax year, the taxpayer can deduct up to $25,000 of rental loss. Taxpayers ...
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Does free credit report affect credit score?
No, requesting your credit report will not hurt your credit score. Checking your own credit report is not an inquiry about new credit, so it has no effect...
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